Entries and Schedules for Unfinished Jobs and Completed Jobs

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

1. Materials purchased on account, $2,470.
2. Materials requisitioned and factory labor used:

   Job No.	Materials		Factory Labor
   101	$2,700		$2,060
   102	3,290		2,780
   103	2,190		1,360
   104	7,400		5,110
   105	4,700		3,890
   106	3,430		2,470
   For general factory use	920		3,050

3. Factory overhead costs incurred on account, $5,160.
4. Depreciation of machinery and equipment, $1,460.
5. The factory overhead rate is $55 per machine hour. Machine hours used:

   Job No.	Machine Hours
   101		22
   102		16
   103		32
   104		72
   105		39
   106		25
   Total		206

6. Jobs completed: 101, 102, 103, and 105.
7. Jobs were shipped and customers were billed as follows: Job 101, $7,160; Job 102, $8,340; Job 105, $15,400.

Required:

1. Journalize the entries to record the summarized operations. 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.