Kaymer Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations: a. Materials purchased on account, $31,180. b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $3,210 $2,960 302 3,920 4,000 303 2,600 1,950 304 8,800 7,340 305 5,590 5,590 306 4,080 3,550 For general factory use 1,090 4,380 C. Factory overhead costs incurred on account, $6,130. d. Depreciation of factory machinery and equipment, $2,100. e. The factory overhead rate is $60 per machine hour. Machine hours used: Job Machine Hours 301 25 302 44 303 37 304 82 305 37 306 27 Total 252 f. Jobs completed: 301, 302, 303, and 305. g. Jobs were shipped and customers were billed as follows: Job 301, $9,200; Job 302, $12,670; Job 303, $19,630. Required: 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. Entries Description Debit Credit a. b. c. d. e. f. g. 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert memo account balances as of the end of the month. Work in Process Bal. Finished Goods Bal. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Kaymer Industries Inc. Schedule of Unfinished Jobs Job Direct Materials Direct Labor Factory Overhead Total Balance of Work in Process, January 30 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Kaymer Industries Inc. Schedule of Completed Jobs Job Direct Materials Direct Labor Factory Overhead Total