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, $3,140. b. Materials requisitioned and factory labor used: Job No. Materials Factory Labor $2,360 101 $1,810 102 2,210 3,190 103 1,470 1,560 5,850 104 4,960 3,150 105 4,460 106 2,300 2,830 For general factory use 620 3,490 c. Factory overhead costs incurred ich account, $3,460. d. Depreciation of machinery and equipment, $1,680. e. The factory overhead rate is $45 per machine hour. Machine hours used: Job No. Machine Hours 101 31 102 23 103 43 104 66 eBook Calculator 02 HW 66 104 105 40 106 21 224 Total f. Jobs completed: 101, 102, 103, and 105. 9. Jobs were shipped and customers were billed as follows: Job 101, $6,680; Job 102, $7,720; Job 105, $14,400. 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 Materials 3,140 3,140 Accounts Payable b. 1 Work in Process Factory Overhead Materials Wages Payable Factory Overhead 3,460 3,460 C. Factory Overhead Accounts Payable 3,460 d. Factory Overhead 1,680 Accumulated Depreciation Machinery and Equipment 1,680 Work in Process 10,080 Factory Overhead 10,080 Finished Goods Work In Process 9. Sale hccounts Receivable v Sales Cost of Goods Sold Cost Finished Goods Finished Goods 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction Work in Process (b) (e) Bal. Finished Goods (1) (9) 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 No. 104 $ No. 106 Balance of Work in Process, April 30 Check My Work 02 HW Hildreth Company Schedule of Unfinished Jobs Job Direct Materials Total Direct Labor Factory Overhead $ No. 104 $ No. 106 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 Finished Goods, April 30 (Job 103) $ Feedback Check My Work Check My Work assignment Score: 35.15%