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. Materiais purchased on account, $2,100. b. Materials requisitioned and factory labor used: Job No. Materials Factory Labor 101 $2,830 $2,170 2,930 102 103 3,450 2,290 7,750 1,430 104 5,380 105 4,100 106 For general factory use 4,920 3,590 960 2,600 3,210 c. Factory overhead costs incurred on account, $5,410. d. Depreciation of machinery and equipment, $1,540. e. The factory overhead rate is $35 per machine hour. Machine hours used: Job No. Machine Hours 101 19 102 36 103 27 104 78 105 32 106 29 Total 221 c. Factory overhead costs incurred on account, $5,410. d. Depreciation of machinery and equipment, $1,540. e. The factory overhead rate is $35 per machine hour. Machine hours used: Job No. Machine Hours 101 19 102 36 103 27 104 78 105 32 106 29 Total 221 f. Jobs completed: 101, 102, 103, and 105. g. Jobs were shipped and customers were billed as follows: Job 101, $6,800; Job 102. $9,170; Job 105, $13,530, Required: 1. Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank. Entries Description Debit Credit 0 1. Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank. Entries Description Debit Credit d. 9.5 2. Post the appropriate entries to 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 Finished Goods B 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account Finished Goods 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 Total Balance of Work in Process, April 30 4. Prepare a schedule of completed Jobs on hand to support the balance in the finished goods account Hildreth Company Schedule of Completed Jobs Job Direct Materials Direct Labor Factory Overhead Total