Schedule of Completed Jobs and only to entries

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Instructions Kurtz Fencing Inc, uses a job order cost systern. 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 $ 1,850 500 7220 303 2,200 5250 304 305 4,230 2.400 8.225 2.900 5.000 300 1,770 1.200 For general factory use c. Factory overhead costs incurred on account. $1,800 & Depreciation of machinery and equipment. $2.500 e. The factory overhead rate is $30 per machine hour. Machine hours used Job Machine Hours 306 Total f. Jobs completed 301, 302, 303, and 305. 2. Jobs were shipped and customers were billed as follows. Job 301, 58.500, Job 302. $18.150. Job 303. $13.400 Required: 1. Journalize the entries to record the summarized operations. Record each item (item - ar an individual entry on March 31 Record item ga 2 entries Refer to the Chart of Accounts for exact wording of accountries 2. Fost the appropriate entries to accounts for Work in Process and Finished Goos, wong the entifying letters as transaction codes Insert memo account balances as of the end of the month For grading purposes enter transachoni albhabetical order Determine the correct ending balance. The ending balance acell provided on the left side of the account even when the ending bansa creat The unused cell on the balance line should be left blank 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 topport the balance in the finished 2000 Refer to the Of Amount Detone for the e n d of the aniversiteit entre CHART OF ACCOUNTS Kurtz Fencing Inc. General Ledger REVENUE 410 Sales 610 Interest Revenue ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 128 Interest Receivable 131 Materials 132 Work in Process 133 Factory Overhead 134 Finished Goods 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 181 Land 101 Machinery and Equipment 192 Accumulated Depreciation Machinery and Equipment EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 534 Office Supplies Expense 540 Administrative Expenses 561 Depreciation Expense Machinery and Equipment 500 Miscellaneous Expense 710 Interest Expense UABILMES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 238 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable EQUITY 311 Common Stoex 340 Retained Earnings 35: Dividends Amount Description Balance of Work in Proces, January 30 Finished Goods, January 30 (Job 305) Job No. 301 Job No. 302 Job No. 303 Job No. 304 Job No. 305 Job No. 308 Schedule of Completed Jobs 4. Prepare a schedule of completed jobs on hand to support the balance in the finished good account. Refer to the lot of Amour Descrione for the exact wording of the m erched for en Kurt Fendingine Schedule of Completed Jobs