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: a. Materials purchased on account, $2,200. b. Materials requisitioned and factory labor used: Job No. Materials Factory Labor 101 $2,300 $2,310 102 2,810 3,120 103 1,860 1,520 104 6,300 5,730 105 4,370 106 4,000 2,920 780 2,770 For general factory use 3,420 C. Factory overhead costs incurred on account, $4,390. d. Depreciation of machinery and equipment, $1,640. e. The factory overhead rate is $45 per machine hour. Machine hours used: Job No. Machine Hours 101 24 102 36 103 31 e. The factory overhead rate is $45 per machine hour. Machine hours used: Job No. Machine Hours 101 24 102 36 103 31 104 75 105 45 106 43 Total 254 f. Jobs completed: 101, 102, 103, and 105. 9. Jobs were shipped and customers were billed as follows: Job 101, $6,830; Job 102, $9,060; Job 105, $13,850. Required: 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank Entries Description Debit Credit a. b. b. c. II III LIITTI d. e. f. g. Sale 9. Sale 9. Cost 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. memo account balances as of the end of the month. Work in Process Bal. Finished Goods Bal. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Hildreth Company Prepare a schedule of unfinished jobs to support the balance in the work in process account. Hildreth Company Schedule of Unfinished Jobs Direct Materials Job Direct Labor Factory Overhead Total $ $ $ Balance of Work in Process, April 30 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Hildreth Company Schedule of Completed Jobs Job Direct Materials Direct Labor Factory Overhead Total $ $