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, $2,420. b. Materials requisitioned and factory labor used: Job No. Materials Factory Labor 101 $3,350 $2,670 3,600 102 4,090 103 2,710 1,760 104 9,180 6,620 5,050 105 5.830 106 4,250 3,200 For general factory use 1,140 3,950 C. Factory overhead costs incurred on account, $6,400. d. Depreciation of machinery and equipment, $1,900 e. The factory overhead rate is $50 per machine hour. Machine hours used: Job No. Machine Hours 101 33 102 37 103 21 104 79 105 21 106 29 Total 220 f. Jobs completed: 101, 102, 103 and 105 1. Journalize the entries to record the summarized operations. For a compound transaction, it an amount box does ni Debit Credit Entries Description Materials 2,080 x a. Accounts Payable 2,080 x b. Work in Process 41,290 X Factory Overhead 3,920 X Materials 24,790 X Wages Payable 20,420 X Factory Overhead Accounts Payable Factory Overhead Accumulased Depreciation Machinery and Equipment f Finished Goods Work in Process g. Sale Accounts Receivable Sales 9. Cost Cost of Goods Sold Finished Goods & 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transactic end of the month. Work in Process (h) (1) Bal Finished Goods Finished Goods (9) (0) 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 V S $ $ 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 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Hildreth Company Schedule of Completed Jobs Direct Job Direct Labor Factory Overhead Total Materials Finished Goods, April 30 (Job 103)