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, $2,820. b. Materials requisitioned and factory labor used: Job No. Materials Factory Labor $2,920 101 $3,100 3,780 102 3,940 103 2,510 1,930 7,240 104 8,490 105 5,390 3,940 106 For general factory use 5,520 3,500 4,320 1,050 c. Factory overhead costs incurred on account, $5,920. d. Depreciation of machinery and equipment, $2,070. e. The factory overhead rate is $75 per machine hour. Machine hours used: Job No. Machine Hours 101 20 102 39 103 31 Machine Hours 20 Job No. 101 102 1.03 39 31 104 71 105 19 106 22 Total 202 f. Jobs completed: 101, 102, 103, and 105. g. Jobs were shipped and customers were billed as follows: Job 101, $9,020; Job 102, $12,770; Job 105, $19,620 Required: 1. Joumalize the entries to repord the summarized operations. If an amount box does not require an entry, leave it blank Entries Description Debit Credit d 9. 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