Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses a job order cost system. The fol lowing data summarize the operations related to production for April, the first month of operationss: a. Materials purchased on account, $2,810. b Materials requisitioned and factory labor used: Job No. Materials Factory Labor 101 $3,120 $2,820 102 3,810 3,810 103 2,530 1.860 104 8,550 6,990 105 5,430 5,330 106 3,960 3,380 For general factory use 1,060 4,170 c. Factory overhead costs incurred on account, $5,960. d. Depreciation of machinery and equipment, $2,000. e. The factory overhead rate is $35 per machine hour. Machine hours used: Job No. Machine Hours 101 44 36 102 37 103 82 104 17 105 106 21 Total 237 f. Jobs completed: 101, 102, 103, and 105. q. Jobs were shipped and custo mers were billed as follows: Job 101, $8,980; Job 102, $10,660; Job 105, $16,490. Required: 1. Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank. Debit Credit Entries Description Materials 2,810 a. Accounts Payable 2,810 Work in Process Factory Overhead 5,230 Materials Wages Payable Factory Overhead Accounts Payable 4. Factory Overhead Accumulated Depreciation-Machinery and Equipment Sale g. Cost 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. 2. Post the appropriate entries to 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 Factory Total Job Direct Labor Materials Overhead Balance of Work in Process, April 30 4. Prepare schedule of completed jobs on hand to support the balance in the finished qoods account. Hildreth Company Schedule of Completed Jobs Direct Factory Direct Labor Job Total Materials Overhead