7.Schedules for Unfinished Jobs and Completed Jobs Waddell Equipment Company uses a job order cost system. The following data summarize the operations related to production for April 20Y4, the first month of operations: a.Materials purchased on account, $36,000. b. Materials requisitioned and factory labor used: Job Materials Factory Labor No. 401 $5,500 $6,650 No. 402 4,000 4,775 No. 403 2,400 1,875 No. 404 7,100 8,500 No. 405 3,200 4,000 No. 406 1,850 2,200 For general factory use 3,150 1,500 c. Factory overhead costs incurred on account, $6,000. d.Depreciation of machinery and equipment, $1,550. e.The factory overhead rate is $40 per machine hour. Machine hours used: Job Machine Hours No. 401 38 No. 402 30 No. 403 18 No. 404 56 No. 405 24 No. 406 14 Total 180 f.Jobs completed: 401, 402, 403, and 405. g.Jobs were shipped and customers were billed as follows: Job 401 $22,750, Job 402 $16,600, Job 403 $8,400. Instructions: 1. Prepare a schedule summarizing manufacturing costs by job for April. Waddell Equipment Company Schedule Summarizing Manufacturing Costs For the Month of April 30, 20Y4 Job Direct Materials Direct Labor Factory Overhead Total No. 401 $ $ $ $ No. 402 No. 403 No. 404 No. 405 No. 406 Total $ 2. Prepare a schedule of jobs finished in April. Waddell Equipment Company Schedule of Jobs Finished For the Month of April 30, 20Y4 Job Direct Materials Direct Labor Factory Overhead Total No. 401 $ $ $ $ No. 402 No. 403 No. 405 Total $ Feedback Check My Work Include the direct materials, direct labor, and factory overhead for each finished job. 3. Prepare a schedule of jobs sold in April. Waddell Equipment Company Schedule of Jobs Sold For the Month of April 30, 20Y4 Job No. 401 $ No. 402 No. 403 Total $ Feedback Check My Work Include the total costs for each job sold. Recall that these costs become part of the cost of goods sold account