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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:

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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, $2,880. b. Materials requisitioned and factory labor used: c. Factory overhead costs incurred on account, $5,860. d. Depreciation of machinery and equipment, $1,230. e. The factory overhead rate is $50 per machine hour. Machine hours used: f. Jobs completed: 301,302,303, and 305 . 9. Jobs were shipped and customers were billed as follows: Job 301,$7,380; Job 302, $8,990; Job 303, $16,910. 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. 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. 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account

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