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 rst month of operations: a. Materials purchased on account, $2,800. b. Materials requisitioned and factory labor used: Job No. Materials Factory Labor 101 $2,090 $1,810 102 2,550 2,440 103 1,690 1,190 104 5,730 4,490 105 3,640 3,420 106 2,650 2,170 For general factory use 710 2,680 c. Factory overhead costs incurred on account, $3,990. d. Depreciation of machinery and equipment, $1,290. e. The factory overhead rate is $40 per machine hour. Machine hours used: Job No. Machine Hours 101 37 102 44 103 15 104 83 105 21 106 20 Total 220 f. Jobs completed: 101, 102, 103, and 105. 9. Jobs were shipped and customers were billed as follows: Job 101, $6,460; Job 102, $8,100; Job 105, $10,090. Required: 1. Joumalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. g. Accounts Receivable Sale Sales g. Cost of Goods Sold Cost Finished Goods V 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 (b) (e) Bal Finished Goods (f) (q) V Bal. 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 nished goods account