PR 19-2A Entries and schedules for unfinished jobs and completed jobs Tybee Industries Inc. uses a job order cost system. The following data s operations related to production for January, the first month of operations 081.2 ummarize the e a. Materials purchased on account, $29,800. 957 Chapter 19 Job Order Costing b. Materials requisitioned and factory labor used: Job 301 302 303 304 305 306 For general factory use Factory Labor Materials 2,960 3,620 2,400 8,100 5,100 3,750 1,080 $2,775 3,750 1,875 6,860 5,250 3,340 4,100 c. Factory overhead costs incurred on account, $5,500. d. Depreciation of machinery and equipment, $1,980. e. The factory overhead rate is $54 per machine hour. Machine hours used: Job 301 302 303 304 305 306 Tota Machine Hours 25 36 30 72 25 228 f. Jobs completed: 301, 302, 303, and 305. g. Jobs were shipped and customers were billed as follows: Job 301, $8,250, Job 302, $11,200; Job 303, $15,000. Instructions 1. Journalize the entries to record the summarized operations e entries to T accounts for Work in Process and Finished Goods g the identifying letters as transaction codes. Insert memo account balances as of upport the balance in the work in process 4. Prepare a schedule of completed jobs on hand to support the balance in the finished the end of the month. 3. Prepare a schedule of unfinished jobs to s account goods account