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: a. Materials purchased on account, $3,260. b. Materials requisitioned and factory labor used: Job No. 101 102 103 104 105 106 For general factory use Materials Factory Labor $2,150 $3,000 2,620 4,050 1,740 1,980 5,890 7,440 3,740 5,670 2,730 3,600 730 4,4401 c. Factory overhead costs incurred on account, $4,110. d. Depreciation of machinery and equipment, $2,130. e. The factory overhead rate is $40 per machine hour. Machine hours used: Job No. Machine Hours 101 24 102 41 103 22 104 71 105 40 106 44 d. Total 242 f. Jobs completed: 101, 102, 103, and 105. g. Jobs were shipped and customers were billed as follows: Job 101, $7,330; Job 102, $9,970; Job 105, $13,340. Required: 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. Entries a. Materials Accounts Payable b. Work in Process Factory Overhead Materials Wages Payable Factory Overhead Accounts Payable Description Factory Overhead Accumulated Depreciation-Machinery and Equipment Debit Credit 3,260 3,260 00 0000 00-00-0000 Work in Process Factory Overhead Finished Goods Work in Process 9. Sale Accounts Receivable Sales g. Cost Cost of Goods Sold Finished Goods 33 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 accoualances as of the end of the month, (b) (e) Bal. Work in Process (0 0 Bal. Finished Goods (9) Bal. Finished Goods 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Hildreth Company Schedule of Unfinished Jobs Job No. 104 No. 106 Balance of Work in Process, April 30 Direct Materials Direct Labor Factory Overhead Total 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Hildreth Company Schedule of Completed Jobs Factory Direct Labor Overhead Total Job Direct Materials