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, $2,590. b. Materials requisitioned and factory labor used: Job No. Materials Factory Labor 101 $2,840 $2,360 102 3,460 3,190 103 2,300 1,560) 104 7,780 5,850 105 4,940 4,460 106 3,610 2,830 For general factory use 970 3,490 c. Factory overhead costs incurred on account, $5,420. d. Depreciation of machinery and equipment, $1,680. e. The factory overhead rate is $75 per machine hour. Machine hours used: Machine Hours Job No. 101 261 102 19 103 23 104 65 105 44 e 106 Total 44 221 f. Jobs completed: 101, 102, 103, and 105. g. Jobs were shipped and customers were billed as follows: Job 101, $8,580; Job 102, $9,690; Job 105, $16,200. 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 d. g. Sale g. Cost 33 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. Work in Process Check My Work 2 more Check My Work uses remaining. Previous Next > All work saved. Email Instructor Save and Exit Submit Assignment for Grading MacBook Air Show All x 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, $2,590. b. Materials requisitioned and factory labor used: Job No. Materials Factory Labor 101 $2,840 $2,360 102 3,460 3,190 103 2,300 1,560) 104 7,780 5,850 105 4,940 4,460 106 3,610 2,830 For general factory use 970 3,490 c. Factory overhead costs incurred on account, $5,420. d. Depreciation of machinery and equipment, $1,680. e. The factory overhead rate is $75 per machine hour. Machine hours used: Machine Hours Job No. 101 261 102 19 103 23 104 65 105 44 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