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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

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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, $147,000. b. Materials requisitioned and factory labor used: Job No. Materials Factory Labor 101 $19,320 $19,500 102 23,100 28,140 103 13,440 14,000 104 38,200 36,500 105 18,050 15,540 106 18,000 18,700 For general factory use 9,000 20,160 c. Factory overhead costs incurred on account, $6,000. d. Depreciation of machinery and equipment, $4,100. e. The factory overhead rate is $40 per machine hour. Machine hours used: Job No. Machine Hours 101 154 102 160 103 126 104 238 105 160 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave Entries Description Debit Credit a. b d. Check My Work All work saved. E eBook Calculator g. Sale 9. Cost 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 Bal. 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 Direct Materials Job 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 Check My Work All work Assignment Score: 71.43% g Type here to search ORI 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 acco Hildreth Company Schedule of Completed Jobs Job Direct Materials Direct Labor Factory Overhead Total Check My Work

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