ybee Industries Inc. uses a job order cost system. The following data summarize

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ybee Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January 2016, the first month of operations: a. Materials purchased on account, $28,580. b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $3,030 $2,760 302 3,490 3,770 303 2,520 1,860 304 8,290 6,880 305 5,000 5,490 306 3,890 3,410 For general factory use 1,130 4,190 c. Factory overhead costs incurred on account, $5,670. d. Depreciation of machinery and equipment, $2,050. e. The factory overhead rate is $52 per machine hour. Machine hours used: Job Machine Hours 301 27 302 38 303 28 304 73 305 38 306 27 Total 231 f. Jobs completed: 301, 302, 303 and 305. g. Jobs were shipped and customers were billed as follows: Job 301, $8,340; Job 302, $10,880; Job 303, $15,310. Required: A. 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. B. 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. C. Prepare a schedule of unfinished jobs to support the balance in the work in process account.* D. 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. 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 Bal. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Refer to the list of Amount Descriptions for the exact wording of the answer choices for text entries. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Refer to the list of Amount Descriptions list for the exact wording of the answer choices for text entries. Tybee Industries Inc. Schedule of Completed Jobs 1 Job Direct Materials Direct Labor Factory Overhead Total

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ybee Industries Inc. uses a job order cost system. The following data summarize

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