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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

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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, $2,300 b. Matenals requisitioned and factory labor used: Job No. Materials Factory Labor 101 $2.590 $1,800 102 3,160 2,430 103 2.100 1,190 104 7.100 4,460 105 4,510 3,400 106 3,290 2,160 For general factory use 880 2,660 c. Factory overhead costs incurred on account, $4,950. d. Depreciation of machinery and equipment, $1.280. e. The factory overhead rate is $70 per machine hour. Machine hours used: Job No. Machine Hours 101 21 102 44 103 19 104 105 27 33 106 Total 215 1. Jobs completed: 101, 102, 103, and 105. f. Jobs completed: 101, 102, 103, and 105. g. Jobs were shipped and customers were billed as follows: Job 101, $7,030; Job 102, 510,400; Job 105, $13,400. Required: 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. d. (o. sale la. Cost 2. Post the approprtate entries to T accounts for Work in Process and Finted Goodwing the dentifying Witters as transaction code. Insert memo mecourt balances as of the end of the more Work in Process Finished Goods Bol 3. Prepare a schedule of urished jobs to support the balance in the work in process count Hill b Schedule of listed on ob Die La Material O 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 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 accou Hildreth Company Schedule of Completed Jobs Job Direct Materials Direct Labor Factory Overhead Total $ $

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