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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

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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. Materiats requesitioned and factory labor used: c. Factory overhead costs incurred on account, 55,580 . d. Depreciation of machinery and equipment, 52,270 . e. The factory overhead rate is $45 per machine hour. Machine hours used: 2 more Check My Wark uses femaining f. Jobs completed: 101,102,103, and 105. 9. Jobs were shipped and customers were billed as follows: Job 101, $9,770; Job 102, $11,350; Job 105,$18,340. Required: 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank: 2 more Check My Work uses remaining. 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. 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

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