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Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses job order costing. The following data summarize the operations related to production for
Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses job order costing. The following data summarize the operations related to production for Apri, the first month of operations: a. Materlals purchased on account, $2,340. b. Materials requlsitioned and factory labor used: c. Factory overhead costs incurred on account, $3,920. d. Depreclation of machinery and equipment, $1,890. e. The factory overhead rate is $75 per machine hour. Machine hours used: f. Jobs completed: 101,102,103, and 105 . 9. Jobs were shipped and customers were billed as follows: Job 101, $8,440; Job 102, $10,460;J0J105,$19,270. Required: 1. Joumalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account
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