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, $3,220. b. Materials requisitioned and factory labor used: Job No. Materials 101 102 $2,750 3,360 2,230 Factory Labor $2,270 3,060 1,500 5,630 4,290 103 104 7,540 4,790 105 106 3,490 2,720 3,360 For general factory use 940 c. Factory overhead costs incurred on account, $5,250. d. Depreciation of machinery and equipment, $1,610. e. The factory overhead rate is $75 per machine hour. Machine hours used: Job No. Machine Hours 101 26 102 44 39 103 104 84 105 45 106 15 Total 253 f. Jobs completed: 101, 102, 103, and 105. 9. Jobs were shipped and customers were billed as follows: Job 101, $8,360; Job 102, $11,660; Job 105, $19,300. Required: 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. Entries Description Credit Debit 3,220 a. Materials Accounts Payable 3,220 b. Work in Process 43,630 Factory Overhead 4,300 Materials 25,100 Wages Payable 22,830 Factory Overhead 5,250 Accounts Payable 5,250 d. Factory Overhead 1,610 Accumulated Depreciation-Machinery and Equipment 1,610 Work in Process 18,975 Factory Overhead 18,975 Factory Overhead 18,975 . Finished Goods 35,800 Work in Process 35,800 9. Sale Accounts Receivable 39,320 Sales 39,320 9 Cost Cost of Goods Sold 29,145 Finished Goods 29,145 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 62,605 24,160 19,470 Bal. Finished Goods Bal. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account