Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can u please help me thanks Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses job order costing. The following data summarize

can u please help me
thanks
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses job order costing. The following data summarize the operations related to production for April, the first month of operations: a. Materials purchased on account, $2,770. b. Materials requisitioned and factory labor used: c. Factory overhead costs incurred on account, $6,300. d. Depreciation of machinery and equipment, $1,210. e. The factory overhead rate is $35 per machine hour. Machine hours used: c. Factory overthead costs incurred on account, $6,300. d. Depreciatioe of machinery and equipment, $1,210. e. The factery overhead rate is $35 per machine hour, Machine hours used: f. Jobs completed: 101, 102, 103, and 105 . g. Jobs were shipped and customers were billed as fallows: Job 101,$7,050; Job 102, $8,270;306105,$14,040. Required! 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it biank 1. Journalize the entries to record the summarizod operstions, If an amount bex does not require an ertry, leave it blanki. e. Work in Process Factory Overhead f. Einished Goods. Work in Process g. Sale Accounts Receivable sales. 9. Cost Cost of Coods Sold Finished Goods Work in Process The and of the month Finished Goods 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Kermit D. Larson, William W. Pyle

4th Edition

0256067813, 978-0256067811

More Books

Students also viewed these Accounting questions