Question: Chaters was construct a product your company will set Define ob order costsystem come with a name for your company roup to answer the below
Chaters was construct a product your company will set Define ob order costsystem come with a name for your company roup to answer the below a manufacturing company that i following data summaru the operations operations s a job order cost system. The March, the first month of A Materiais purchased on account. $15.500 B. Materials requisitioned and labor used: Factory Materials Labor $ 2,650 $ 1.770 1.240 420 No. 100 Job No. 101 Job No. 102 Job No. 103 Job No. 104 Job No. 105 For general factor use 1,500 3,420 1.000 2,100 1,760 C. Factory overhead costs incurred on account, $2,700 D. Depreciation of machinery, $1,750 E. Factory overhead is applied at a rate of 70% of direct labor cost F. Jobs completed: Nos. 101, 101, 102, 104 G. Jobs 100, 101, and 102 were shipped, and customers were billed for $8,100, $3,800, and 3,500 respectively. Questions: a. Journalize the entries to record these transactions (Transaction A-G) b. Determine the account balance for Work In Process and Finished Goods 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
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