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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
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: Materials purchased on account, $ Materials requisitioned and factory labor used: Job No Materials Factory Labor $ $ For general factory use Factory overhead costs incurred on account, $ Depreciation of factory machinery and equipment, $ The factory overhead rate is $ per machine hour. Machine hours used: Job Machine Hours Total Jobs completed: and Jobs were shipped and customers were billed as follows: Job $; Job $; Job $ Required: 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 fill in the blank fill in the blank fill in the blank fill in the blank b fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank c fill in the blank fill in the blank fill in the blank fill in the blank d fill in the blank fill in the blank fill in the blank fill in the blank e fill in the blank fill in the blank fill in the blank fill in the blank f fill in the blank fill in the blank fill in the blank fill in the blank g Sale fill in the blank fill in the blank fill in the blank fill in the blank g Cost fill in the blank fill in the blank fill in the blank fill in the blank 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 fill in the blank fill in the blank fill in the blank Bal. fill in the blank Finished Goods fill in the blank fill in the blank Bal. fill in the blank 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 $fill in the blank $fill in the blank $fill in the blank $fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank Balance of Work in Process, April $fill in the blank 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 $fill in the blank $fill in the blank $fill in the blank $fill in the blank
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:
Materials purchased on account, $
Materials requisitioned and factory labor used:
Job No Materials Factory Labor
$ $
For general factory use
Factory overhead costs incurred on account, $
Depreciation of factory machinery and equipment, $
The factory overhead rate is $ per machine hour. Machine hours used:
Job Machine Hours
Total
Jobs completed: and
Jobs were shipped and customers were billed as follows: Job $; Job $; Job $
Required:
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
fill in the blank
fill in the blank
fill in the blank
fill in the blank
b
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
c
fill in the blank
fill in the blank
fill in the blank
fill in the blank
d
fill in the blank
fill in the blank
fill in the blank
fill in the blank
e
fill in the blank
fill in the blank
fill in the blank
fill in the blank
f
fill in the blank
fill in the blank
fill in the blank
fill in the blank
g Sale
fill in the blank
fill in the blank
fill in the blank
fill in the blank
g Cost
fill in the blank
fill in the blank
fill in the blank
fill in the blank
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
fill in the blank
fill in the blank
fill in the blank
Bal. fill in the blank
Finished Goods
fill in the blank
fill in the blank
Bal. fill in the blank
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
$fill in the blank
$fill in the blank
$fill in the blank
$fill in the blank
fill in the blank
fill in the blank
fill in the blank
fill in the blank
Balance of Work in Process, April $fill in the blank
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
$fill in the blank
$fill in the blank
$fill in the blank
$fill in the blank
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