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, $1,900. b. Materials requisitioned and factory labor used: Job No. Materials Factory Labor 101 $2,860 $2,030 102 3,490 2,740 103 2,320 1,340 104 7,840 5,030 105 4,980 3,840 106 3,630 2,440 For general factory use 970 3,000 c. Factory overhead costs incurred on account, $5,460. d. Depreciation of machinery and equipment, $1,440. e. The factory overhead rate is $35 per machine hour. Machine hours used: Job No. Machine Hours 101 22 102 43 103 39 104 75 105 44 106 42 Total 265 f. Jobs completed: 101, 102, 103, and 105. J. Jobs were shipped and customers were billed as follows: Job 101, $6,790; Job 102, $9,280; Job 105, $14,570.1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. Entries Description Debit Credit a. Materials Accounts Payable b. Work in Process Factory Overhead Materials Accounts Payable C. Factory Overhead Accounts Payable d. Factory Overhead Accumulated Depreciation-Machinery and Equipment e. Work in Process Factory Overhead f. Finished Goods Factory Overheadg. Accounts Receivable Sale Sales g. Cost of Goods Sold Cost Finished Goods2. 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) (f) (e) Bal. Finished Goods (f) (g) Bal. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Hildreth Company Schedule of Unfinished Jobs Direct Factory Job Direct Labor Total Materials Overhead No. 104 No. 106 Balance of Work in Process, April 304. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Hildreth Company Schedule of Completed Jobs Direct Factory Job Direct Labor Total Materials Overhead Finished Goods, April 30 (Job 103)