Kurtz Fencing Inc. 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, $31,250. b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $2,910 $2,680 302 3,730 3,630 303 2,280 1,810 304 8,430 7,110 305 4,850 5,010 306 3,900 3,280 For general factory use 1,050 3,920 c. Factory overhead costs incurred on account, $5,760. d. Depreciation of machinery and equipment, $2,040. e. The factory overhead rate is $55 per machine hour. Machine hours used: Job Machine Hours 301 27 302 38 303 30 304 72 305 41 306 25 Total 233 f. Jobs completed: 301, 302, 303 and 305. g. Jobs were shipped and customers were billed as follows: Job 301, $8,390; Job 302, $10,860; Job 303, $15,380. Required: 1. Journalize the entries to record the summarized operations. Record each item (items a-f) as an individual entry on March 31. Record item g as 2 entries. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.