Chapter 16 Homework (Application) eBook Print Item Entries and Schedules for Unfinished Jobs and Completed Jobs 1. EX. 16-01 2. EX.16-02.ALGO 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, $2,360. b. Materials requisitioned and factory labor used: 3. EX. 16-04.ALGO 4. EX. 16-05.ALGO Job No. 5. EX. 16-06. ALGO 101 102 6. EX.16-08.ALGO 103 Materials $2,410 2,940 1,950 6,600 4,190 3,060 820 Factory Labor $3,290 4,440 2,170 8,160 6,220 3,950 4,870 7. EX. 16-09.ALGO 104 105 8. EX.16-10. ALGO 106 For general factory use 9. EX.16-12 ALGO 10. EX.16-14.ALGO c. Factory overhead costs incurred on account, $4,600. d. Depreciation of machinery and equipment. $2,340. e. The factory overhead rate is $45 per machine hour. Machine hours used: 11. EX.16-15.ALGO Job No. Machine Hours 12. PR. 16-01B.ALGO 101 38 13. PR. 16-02B ALGO 102 103 14. PR. 16-03A. ALGO .. 104 15. PR. 16-04A.ALGO 105 106 Total 223 f. Jobs completed: 101, 102, 103, and 105. g. Jobs were shipped and customers were billed as follows: Job 101, $8,890; Job 102, $11,230; Job 105, $14,300. 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. Entries Description Debit Credit a. Materials 2,360 Accounts Payable 2,360 Check My Work 2 more Check My Work uses remaining. Previous Next Progress: 13/15 items Assignment Score: 72.94% All work saved. Save and Exit Submit Assignment for Grading