TAccounts IAccounts instructions Work in Process Bal. Finished Goods Bal. 1. Joumalize the entries to record the summatized operations. Record each item (items a-9) as an individual entry on December 31 . Record itemg as 2 entries. 2. Post the appropriase entries to Taccounts for Work in Process and Finished Goods, using the identifyng letters as transaction codes, insert memo account balances as of the end of the month. 3. Prepare a schedule of untinished jobs to support the batance in the work in process account. 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Schedule of Unfinished, bobs instruction JOURNAL \begin{tabular}{|l|l|} \hline 1 \\ \hline 2 \\ \hline 3 \\ \hline 4 \\ \hline 5 \\ \hline 6 \\ \hline 7 \\ \hline 8 \\ \hline 9 \\ \hline 10 \\ \hline \end{tabular} DATE DESCRTPTION DOST. REF. DEEIT CREDT Ottoson Fencing inc. uses job order costing. The following data summarize the operations related to production for December, the first month of operations a. Materials purchased on account, $30,100. b. Materials reouisitioned and factory labor used: c. Factory overhead costs incurred on account, $5,440. d. Depreciation of machinery and equipment, $1,980 e. The factory overhead rate is $53 per machine hour. Machine hours used: f. Jobs completed: 301,302,303 and 305 0. Jobs were shipped and customers were billed as follows: Job 301,\$7,990; Job 302, $10,960;,J0b303,$14,290. Ottoson Fencing the Schedule of Completed Jobs 3 4. Jb Direct Materials Direct Laber Factory Overhead Total 2