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, $2.050. b. Materials requisitioned and factory labor used: Job No. Materials $2,210 101 Factory Labor $2,620 3,540 102 2,700 1,790 103 1.730 104 6,500 6,060 3,850 105 106 2,810 750 4,950 3,140 3,880 For general factory use c. Factory overhead costs incurred on account, $4,220. d. Depreciation of machinery and equipment, $1,860, e. The factory overhead rate is $45 per machine hour. Machine hours used: Job No. Machine Hours 101 27 102 19 103 43 104 76 105 106 35 239 Total Previous Check My Work 2 more Check My Work uses remaining Materials 2,050 Accounts Payable 2,050 Work In Process 41,900 Factory Overhead 4,630 Materials 19,420 Wages Payable 26,360 Factory Overhead 4,220 Accounts Payable 4,220 Factory Overhead 1,860 Accumulated Depreciation Machinery and Equipment 1,860 Work In Process 10,755 Factory Overhead 10,755 Finished Goods Work In Process 9. Sale Accounts Receivable 31,580 Safes 31,580 eBook E Print Item Finished Goods Work in Process g. Sale Accounts Receivable 31,580 Sales 31,580 9. Cost Cost of Goods Sold Finished Goods 2. Post the appropriate entries to accounts for Work in Process and Finished Goods, using the identifying letters as transa balances as of the end of the month Work in Process (b) (0) Bal. Finished Goods Bal. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Hildreth Company Schedule of Unfinished Jobs eBook Print Item Finished Goods Work In Process 9. Sale Accounts Receivable Sales 31,580 31,580 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 transa balances as of the end of the month Work in Process (b) (e) Bal. Finished Goods Bal. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Hildreth Company Schedule of Unfinished Jobs 4,950 106 2,810 3,140 For general factory use 750 3,880 c. Factory overhead costs incurred on account, $4,220. d. Depreciation of machinery and equipment, $1,860. e. The factory overhead rate is $45 per machine hour. Machine hours used: Job No. Machine Hours 27 101 102 19 103 43 104 74 105 41 106 35 Total 239 1. Jobs completed: 101, 102, 103, and 105. 9. Jobs were shipped and customers were billed as follows: Job 101, $7,250; Job 102, $8,510; Job 105, 915,820. 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 Material 2,050 Check My Work 2 more Check My Work usos remaining