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:

	a. Materials purchased on account, $29,050.
	b. Materials requisitioned and factory labor used:

Job	Materials	Factory Labor
301	$2,870	$2,870
302	3,690	3,770
303	2,300	1,920
304	8,510	7,050
305	5,000	5,250
306	3,770	3,240
For general factory use	1,030	4,110

	c. Factory overhead costs incurred on account, $5,400.
	d. Depreciation of machinery and equipment, $2,000.
	e. The factory overhead rate is $52 per machine hour. Machine hours used:

Job	Machine Hours
301	27
302	35
303	29
304	70
305	39
306	25
Total	225

	f. Jobs completed: 301, 302, 303 and 305.
	g. Jobs were shipped and customers were billed as follows: Job 301, $8,310; Job 302, $11,120; Job 303, $14,320.

Required:

1.

Journalize the entries to record the summarized operations. Record each item (items a-f) as an individual entry on January 31. Record item g as 2 entries. Refer to the Chart of Accounts for exact wording of account titles.

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.

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 to support the balance in the finished goods account.*

* Refer to the list of Amount Descriptions for the exact wording of the answer choices for text entries.