uu e the entries to record the summarized operations. PR 16-2A Entries and schedules for unfinished jobs and complete Kurtz Fencing Inc. uses a job order cost system. The following related to production for March, the first month of operations. A. Materials purchased on account, $45,000. B. Materials requisitioned and factory labor used: hed jobs and completed jobs Obj. 2 The following data summarize the operations Job 301 302 303 304 305 306 For general factory use Materials $1,850 3,150 2,200 1,800 4,230 1,770 1,200 Factory Labor $2.500 7.220 5,350 2,400 6,225 2,900 5,000 C. Factory overhead costs incurred on account, $1,800. D. Depreciation of machinery and equipment, $2,500. E. The factory overhead rate is $30 per machine hour. Machine hours used: Machine Hours 30 41 Job 301 302 303 304 305 306 Total 63 16,150; Job 303, 513.400 F. Jobs completed: 301, 302, 303, and 305. Jobs were shipped and customers were billed as follows: Job 301, 58,500; Job 302, $ 16.150 shed Goods, using es as of the end of Instructions 1. Journalize the entries to record the summarized operations. 2. Post the appropriate entries to T accounts for Work in Process and Finished the identifying letters as transaction codes. Insert memo account balances as the month. 3. Prepare a schedule of unfinished jobs to support the balance in the work ; account. work in process the finished goods 4. Prepare a schedule of completed jobs on hand to support the balance in the finis account