Sinatra Industries, Inc., 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, $32,760.

b. Materials requisitioned and factory labor used:

c. Factory overhead costs incurred on account, $6,300.d. Depreciation of machinery and equipment, $2,200.e. The factory overhead rate is $58 per machine hour. Machine hours used:

f. Jobs completed: 301, 302, 303, and 305.g. Jobs were shipped and customers were billed as follows: Job 301, $9,150; Job 302, $12,350; Job 303, $16,600.1. 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.

Job Materials Factory Labor 301 $3,290 $3,080 302 4,025 4,160 303 2,660 2,080 304 9,030 7,640 305 5,740 5,810 306 4,170 3,710 For general factory use 1,200 4,550