1) Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April, the first month of operations:

Materials purchased on account, $2,870.

Materials requisitioned and factory labor used:

Job No.	Materials		Factory Labor
101	$3,160		$2,930
102	3,860		3,960
103	2,560		1,930
104	8,660		7,270
105	5,500		5,540
106	4,010		3,520
For general factory use	1,070		4,340

Factory overhead costs incurred on account, $6,040.

Depreciation of machinery and equipment, $2,080.

The factory overhead rate is $50 per machine hour. Machine hours used:

Job No.	Machine Hours
101		32
102		20
103		18
104		80
105		31
106		37
Total		218

Jobs completed: 101, 102, 103, and 105.

Jobs were shipped and customers were billed as follows: Job 101, $9,230; Job 102, $10,580; Job 105, $15,630.

Required:

1. Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank.

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.

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.

2)

Entries for Costs in a Job Order Cost System

Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March:

a. Materials purchased on account, $816,280.

b. Materials requisitioned, $685,680, of which $89,140 was for general factory use.

c. Factory labor used, $840,770, of which $159,750 was indirect.

d. Other costs incurred on account for factory overhead, $195,910; selling expenses, $302,020; and administrative expenses, $179,580.

e. Prepaid expenses expired for factory overhead were $37,550; for selling expenses, $31,830; and for administrative expenses, $22,860.

f. Depreciation of factory equipment was $37,550; of office equipment, $55,510; and of office building, $109,380.

g. Factory overhead costs applied to jobs, $465,280.

h. Jobs completed, $1,077,490.

i. Cost of goods sold, $1,044,840.

Required:

Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank.

a. Materials purchased on account, $816,280.

b. Materials requisitioned, $685,680, of which $89,140 was for general factory use.

c. Factory labor used, $840,770, of which $159,750 was indirect.

d. Other costs incurred on account for factory overhead, $195,910; selling expenses, $302,020; and administrative expenses, $179,580.

e. Prepaid expenses expired for factory overhead were $37,550; for selling expenses, $31,830; and for administrative expenses, $22,860.

f. Depreciation of factory equipment was $37,550; of office equipment, $55,510; and of office building, $109,380.

g. Factory overhead costs applied to jobs, $465,280.

h. Jobs completed, $1,077,490.

i. Cost of goods sold, $1,044,840.