Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses a job order cost system. The following data summartre the operations related to production for April, the first month of operations a. Materials purchased on account, $2,140. b. Materials requisitioned and factory labor used: Job No. Factory Labor $3,140 101 102 Materials $3,170 3,870 2,570 8.690 4,240 103 104 105 106 For general factory use 5.520 4,030 1,080 2,070 7,790 5,930 3,770 4,650 c. Factory overhead costs incurred on account, $6,050. d. Depreciation of machinery and equipment, $2,230. e. The factory overhead rate is $45 per machine hour. Machine hours used Job No. 101 Machine Hours 42 24 16 102 103 74 104 105 37 27 106 220 Total Prev f. Jobs completed: 101, 102, 103, and 105 2. Jobs were shipped and customers were billed as follows: Job 101, 99,840. ob 109, $11.00:10h 105,315.540 Required! 1. Joumalize the entries to record the summarted operations. If an amount box does not require an entry, leave it all Description Materials Accounts Payable 2,140 Work in Process 5.730 Factory Overhead Materials Wages Payable 6.05 6.00 Factory Overhead Account Payable 2,230 2,230 d. Factory Overhead Accumulated Deprecation-Machinery and Equipment 9.900 9,900 Prelous Work in Pro le Factory Overhead for Grading Finished Goods Work In Process 9. Sale Accounts Receivable 36,410 36,410 9 Cost of Goods Sold Cost Finished Goods 2. Post the appropriate entries to 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 Finished Goods Bal. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account Finished Good 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Schedule of Unfinished Jobs Direct Materials Direct Labor factory Overhead Total 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 Total Direct Materials Factory Overhead Job Direct Labor