Tybee Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations: 3. Materials purchased on account, $1,840. by Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $3,380 $1,720 302 4,120 2,320 303 2,740 1,140 304 9,260 4,270 305 5,880 3,250 306 4,290 2,060 For general factory use 1,150 2,550 c. Factory overhead cos incurred on account, $6,460 d. Depreciation of machinery and equipment, 51,220 e. The factory overhead rate is $75 per machine hour. Machine hours used: Job Machine Hours 301 28 302 28 303 20 304 83 305 22 300 28 Job Machine Hours 301 28 302 28 303 20 304 B3 305 22 306 28 Total 209 f. Jobs completed: 301, 302, 303, and 305. 9. Jobs were shipped and customers were billed as follows: Job 301, $8,640; Job 302, $10,250; Job 303, $15,600. Required: 1. Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank. Entries Description Debit Credit a b. 1. Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank Entries Description Debit Credit C d. 19. 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 Ball 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Tybee Industries Inc. Schedule of Unfinished Jobs Direct Job Direct Labor Factory Overhead Total Materials $ 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. Tybee Industries Inc. schedule of Completed Jobs Job Direct Materials Direct Labor Factory Overhead Total