Krall Company uses a job order cost system. The following data summarize the operations related to production for June 2012, the first month of operations:

a. Materials purchased on account, $105,000.

b. Materials requisitioned and factory labor used:

c. Factory overhead costs incurred on account, $4, 125.d. Depreciation of machinery and equipment, $2,800.e. The factory overhead rate is $38 per machine hour. Machine hours used:Job Machine Hours101 ....... 110102 ....... 114103 ....... 90104 ....... 170105 ....... 114106 ....... 124Total ..... 722f. Jobs completed: 101, 102, 103, and 105.g. Jobs were shipped and customers were billed as follows: Job 101, $39,200; Job 102, $50,400; Job 105, $35,400.Instructions1. Journalize the entries to record the summarized operations.2. Post the appropriate entries to T accounts for Work in process and Finished Goods, using the identifying letters as dates. 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.

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Job No. Materials Factory Labor 101 $13,800 $13,875 102 16,500 20,100 103 9,600 10,000 104 27,300 26,100 12,900 11,100 105 106 12,800 13,350 For general factory use 6,150 14,400