f. Jobs completed: 101, 102, 103, and 105. g. Jobs were shipped and customers were billed as follows: Job 101, $6,970; Job 102, $9,170; Job 105, $12,720. Required: 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. Entries Description Debit Credit a. Materials 2,760 Accounts Payable 2,760 b. Work in Process Factory Overhead Materials Wages Payable c. Factory Overhead Accounts Payable d. Factory Overhead Accumulated Depreciation-Machinery and Equipment e. Work in Process Factory Overhead e. Work in Process Factory Overhead f. Finished Goods Work in Process g. Accounts Receivable Sale Sales g. Cost of Goods Sold Cost Finished Goods 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert memo account balances of the end of the month. Work in Process (b) (f) e Bal. Finished Goods (f) (9) 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 $ $ $ 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. Hildreth Company Schedule of Completed Jobs Job Direct Materials Direct Labor Factory Overhead Total Finished Goods, April 30 (Job 103) $ $ $ 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, $2,760. b. Materials requisitioned and factory labor used: Job No. Materials Factory Labor 101 $2,170 $2,760 102 2,650 3,730 103 1,760 1,820 104 5,950 6,840 105 3,780 5,220 106 2,760 3,310 For general factory use 740 4,080 C. Factory overhead costs incurred on account, $4,140. d. Depreciation of machinery and equipment, $1,960. e. The factory overhead rate is $35 per machine hour. Machine hours used: Job No. Machine Hours 101 25 102 36 103 23 104 68 105 34 106 40 Total 226