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Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April, the first month of operations: a. Materials purchased on account, $3,120. b. Materials requisitioned and factory labor used: Job No. Materials Factory Labor 101 $2,250 $2,890 102 2,750 3,900 103 1,820 1,910 104 6,170 7,170 105 3,920 5,460 106 2,860 3,470 For general factory use 770 4,280 c. Factory overhead costs incurred on account, $4,300. d. Depreciation of machinery and equipment, $2,050. e. The factory overhead rate is $35 per machine hour. Machine hours used: Job No. Machine Hours 101 45 102 40 103 45 104 82 105 30 106 29 Total 271 f. Jobs completed: 101, 102, 103, and 105. g. Jobs were shipped and customers were billed as follows: Job 101, $8,060; Job 102, $9,660; Job 105, $15,380. Required: 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. Entries Description Debit Credit a. b. d. e. f. g. Sale g. Cost 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert memo account balances as of the end of the month. Work in Process Bal. Finished Goods Bal 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Hildreth Company Schedule of Unfinished Jobs Direct Job Direct Labor Factory Overhead Total Materials $ Balance of Work in Process, April 30 $ 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Hildreth Company Schedule of Completed Jobs Direct Job Direct Labor Factory Overhead Total Materials