Q2. Bluetech Inc. specializes in producing and packaging digital instrument and control panel for the entertainment industry. Bluetech uses a job order cost system. The following data summarize the operations related to production for March, the first month of operations: a. Materials purchased on account, $15,500. b. Materials requisitioned and labor used: d. Depreciation of machinery, $1,750. e. Factory overhead is applied at a rate of 70% of direct labor cost. f. Jobs completed: Nos. 100, 101, 102, 104. g. Jobs 100, 101, and 102 were shipped, and customers were billed for $8,100,$3,800, and $3,500, respectively. Instructions) 1. Journalize the entries to record the transactions identified above. 2. Determine the account balances for Work in Process and Finished Goods. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account