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:

1. Materials purchased on account, $2,290.
2. Materials requisitioned and factory labor used:

Job No.	Materials	Factory Labor
101	$2,460	$2,220
102	3,000	3,000
103	1,990	1,470
104	6,740	5,510
105	4,280	4,200
106	3,120	2,660
For general factory use	840	3,290

2. Factory overhead costs incurred on account, $4,700.
3. Depreciation of machinery and equipment, $1,580.
4. The factory overhead rate is $55 per machine hour. Machine hours used:

Job No.	Machine Hours
101	45
102	15
103	19
104	81
105	43
106	21
Total	224

2. Jobs completed: 101, 102, 103, and 105.
3. Jobs were shipped and customers were billed as follows: Job 101, $8,590; Job 102, $8,190; Job 105, $13,060.

Required:

1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.

1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. 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