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:

Entries and Schedules for Unfinished Jobs and Completed Jobs 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, $3,060. b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $2,120 $2,060 302 2,590 2,780 303 1,720 1,360 304 5,810 5,110 305 3,690 3,890 306 2,690 2,470 For general factory use 720 3,050 c. Factory overhead costs incurred on account, $4,,050. d. Depreciation of machinery and equipment, $1,460. e.he factory overhead rate is $35 per machine hour. Machine hours used: Job Machine Hours 301 27 302 15 303 40 304 75 3 305 28 36 306 Total 221 f. Jobs completed: 301, 302, 303, and 305. g. Jobs were shipped and customers were billed as follows: Job 301, $6,150; Job 302, $7,070; Job 303, $12,990. 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. Description Entries Debit Credit Materials 3,060 Accounts Payable 3,060 Work in Process Factory Overhead Materials Work in Process ebook Calculator 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identify ing letters as transaction codes. Insert memo account balances as of the end of the month. Work in Process Bal 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the Identifying letters as transaction codes. Insert merno 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. Tybee Industries Inc. Schedule of Unfinished Jobs Direct Factory Job Direct Labor Total Materials Overhead 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 Direct Factory Job Direct Labor Total Materials Overhead