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: 3. Materials purchased on account, $2,040. b. Materials requisitioned and factory labor used: Job No. Materials Factory Labor 101 $2,000 $3,070 102 2,440 4,140 103 1,620 2,030 104 5,480 7,610 105 3,480 5,800 106 2,540 3,680 For general factory use 680 4,540 c. Factory overhead costs incurred on account, $3,820. d. Depreciation of machinery and equipment, $2,180, e. The factory overhead rate is $45 per machine hour. Machine hours used: Job No. Machine Hours 101 42 102 43 103 36 104 84 105 16 106 35 Total 256 f. Jobs completed: 101, 102, 103, and 105. 9. Jobs were shipped and customers were billed as follows: Job 101, $8,350; Job 102, $10.2201 Job 105, $15.280. Required: 1. Journalize the entries to record the summarized operations. For a compound transaction of an amount box does not require an entry, leave it blank. indi nake Contit eBook Print Item 105 16 106 35 Total 256 1. Jobs completed: 101, 102, 103, and 105. 9. Jobs were shipped and customers were billed as follows: Job 101, $8,350; Job 102, $10,220; Job 105, $15,280. 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 a. Matenait 2,040 V Accounts Payable 2,040 b. Work in Process Factory Overhead Materials Wages Payable . Factory Overhead Accounts Payable d. Factory Overhead Accumulated Deprecabon-Machinery and Equipment e. Work in Process Factory Overhead f. Finished Goods Work in Process II D Sale Accounts Receivable Sales d. Factory Overhead Accumulated Depreciation Machinery and Equipment Work in Process Factory Overhead Finished Goods Work in Process g. Sale Accounts Receivable Sales g. Cost of Goods Sold Cost Finished Goods