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, $3,230. b. Materials requisitioned and factory labor used: Job No. Materials Factory Labor 101 $3,230 $1,760 102 3,940 2,380 103 2,620 1,160 104 8,850 4,360 105 5,620 3,330 106 4,100 2,110 For general factory use 1,100 2,600 c. Factory overhead costs incurred on account, $6,170. d. Depreciation of machinery and equipment, $1,250. e. The factory overhead rate is $65 per machine hour. Machine hours used: Job No. Machine Hours 101 19 102 18 103 29 104 69 105 16 106 39 Total 190 f. Jobs completed: 101, 102, 103, and 105. g. Jobs were shipped and customers were billed as follows: Job 101, $7,470; Job 102, $8,990; Job 105, $16,430. 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 Materials a 3,230 Accounts Payable 3,230 b. Work in Process Factory Overhead d. 9. Sale 9. Cost Materials Wages Payable x 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 x X x Bal. x Finished Goods x x Bal. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Hildreth Company Schedule of Unfinished Jobs Job Direct Materials Direct Labor Factory Overhead X $ x Balance of Work in Process, April 30 Total 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Job Hildreth Company Schedule of Completed Jobs Direct Materials Direct Labor X $ X S Factory Overhead X S X $ Total