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:

1. Materials purchased on account, $2,540.
2. Materials requisitioned and factory labor used:

Job No.MaterialsFactory Labor101$2,930$1,7701023,5702,3901032,3701,1701048,0304,3901055,1003,3501063,7202,120For general factory use1,0002,620

2. Factory overhead costs incurred on account, $5,600.
3. Depreciation of machinery and equipment, $1,260.
4. The factory overhead rate is $60 per machine hour. Machine hours used:

Job No.Machine Hours101261022710334104831051910617Total206

2. Jobs completed: 101, 102, 103, and 105.
3. Jobs were shipped and customers were billed as follows: Job 101, $7,510; Job 102, $9,100; Job 105, $16,180.

Required:

1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.

EntriesDescriptionDebitCredita.Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in Processfill in the blank 2fill in the blank 3Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in Processfill in the blank 5fill in the blank 6b.Accounts PayableCashCost of Goods SoldMaterialsWages PayableWork in Processfill in the blank 8fill in the blank 9Accounts PayableAccounts ReceivableCashFactory OverheadMaterialsWages Payablefill in the blank 11fill in the blank 12Accounts PayableAccounts ReceivableCashFactory OverheadMaterialsWork in Processfill in the blank 14fill in the blank 15Accounts PayableCost of Goods SoldFactory OverheadFinished GoodsWork in ProcessWages Payablefill in the blank 17fill in the blank 18c.Accounts PayableCashCost of Goods SoldFactory OverheadMaterialsWork in Processfill in the blank 20fill in the blank 21Accounts PayableCashCost of Goods SoldFactory OverheadMaterialsWork in Processfill in the blank 23fill in the blank 24d.Accounts PayableAccumulated Depreciation-Machinery and EquipmentCashCost of Goods SoldFactory OverheadWork in Processfill in the blank 26fill in the blank 27Accounts PayableAccumulated Depreciation-Machinery and EquipmentCashFactory OverheadFinished GoodsWork in Processfill in the blank 29fill in the blank 30e.Accounts PayableAccounts ReceivableCashFactory OverheadFinished GoodsWork in Processfill in the blank 32fill in the blank 33Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in Processfill in the blank 35fill in the blank 36f.Accounts PayableAccounts ReceivableCashFactory OverheadFinished GoodsWork in Processfill in the blank 38fill in the blank 39Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in Processfill in the blank 41fill in the blank 42g. SaleAccounts ReceivableCashFactory OverheadFinished GoodsSalesWork in Processfill in the blank 44fill in the blank 45Accounts ReceivableCashFactory OverheadFinished GoodsSalesWork in Processfill in the blank 47fill in the blank 48g. CostAccounts ReceivableCost of Goods SoldFactory OverheadFinished GoodsSalesWork in Processfill in the blank 50fill in the blank 51Accounts ReceivableCost of Goods SoldFactory OverheadFinished GoodsSalesWork in Processfill in the blank 53fill in the blank 54