Rustic Homes, Inc., uses a job cost system to account for its jobs, which are prefabricated log cabins. As of January 1, its records showed inventories as follows: The work in process inventory consisted of two jobs: Cost and sales data are as follows: 1. Calculate the Job Cost for each job. 2. Prepare journal entries to assign each cost for each cost and sales data item. Job 24 2. Prepare journal entries to assign each cost for each cost and sale: a.Dat Description Debit Credit a. b. Accounts Payable Accounts Receivable Accumulated Depreciation-Factory c. Cash Cost of Goods Sold Finished Goods Inventory Insurance Expense d. Manufacturing Overhead Prepaid Insurance Property Tax Payable Raw Materials Inventory Sales Revenue e. Wages Payable Website Expense Work-in-Process