PR 16-2A Entries and schedules for unfinished jobs and completed jobs Obj. 2 Kurtz Fencing Inc. uses a job order cost system. The following data summarize the operations related to production for March, the first month of operations: a. Materials purchased on account, $45,000. b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $2.040 $2,755 302 3,470 7,945 303 2,425 5.890 304 980 2.640 305 4.655 6,850 306 1.950 3,190 For general factory use 1,320 5,500 Factory overhead cost incurred on $1,980 account, Depreciation of machinery and equipment 2.800 The factory ouh rate is $40 per machine hour, Machine hours used: Job Machine Hours 301 35 302 65 303 45 304 70 305 80 306 45 340 C. Factory overhead costs incurred on account, $2,800. d. Depreciation of machinery and equipment, $3,500. e. The factory overhead rate is $35 per machine hour. Machine hours used: Jobs completed: 301, 302, 303, and 305. g. Jobs were shipped and customers were billed as follows: Job 301, $8,500; Job 302, $16,150; Job 303, $13,400.Instructions for each part. 1. Journalize the entries to record the summarized operations. Letters (a to g) 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods using the identifying letters as transactions codes. Determine the account balances as of the end of the month. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. 1. Registrar en el jornal las entradas para registrar las operaciones resumidas. Letras (de la a a lag) 2. Registre las entradas apropiadas en las cuentas T para Trabajo en Proceso y Productos terminados utilizando las letras de identification como codigos de transaccion. Determine los saldos de las cuentas al final del mes. 3. Prepare una tabla de trabajos sin terminar para respaldar el balance en la cuenta de trabajo en proceso. 4. Prepare una tabla del balance de trabajos terminados para respaldar el balance en la cuenta de productos terminados