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Entries and Schedules for Unfinished Jobs and Completed Jobs Tybee Industries Inc. uses a job...

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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, $2,290. b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $2,210 2,700 1,790 6,060 3,850 2,810 $1,900 2,570 1,250 4,710 3,590 2,280 2,810 305 306 For general factory use 750 c. Factory overhead costs incurred on account, $4,220. d. Depreciation of machinery and equipment, $1,350. e. The factory overhead rate is $50 per machine hour. Machine hours used: Job Machine Hours 305 306 Total 254 f. Jobs completed: 301, 302, 303, and 305. 9. Jobs were shipped and customers were billed as follows: Job 301, $7,510; Job 302, $8,120; Job 303, $15,050. 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

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