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, $ 147,00

B. Materials requisioned and factory labor used:

Job # Materials Factory Labor

101 $ 19,329 $ 19,500

102 23,100 28,140

103 13,440 14,000

104 38,200 36,500

105 18,050 15,540

106 18,000 18,700

For general factory use 9,000 20,160

C. Factory overhead costs incurred on account, $ 6,000

D. Depreciation of machinery and equipment, $ 4,100

E. The factory overhead rate is $ 40 per machine hour. Machine hours used:

Job # Machine hours

101 154

102 160

103 126

104 238

105 160

106 174

total 1,012

F. Jobs completed 101, 102, 103, and 105

G. Jobs were shipped and customers were billed as follows: job 101, $ 62,900: job 102, $ 80,700: job 105, $ 45,500

Instructions

1. Journalize the entries to record the summarized opeartions

2. Post the appropiate entries to T accounts for Work in Process and Finished Goods. using the identifying letteres as transactions codes. Insert memo account balances as of the end of the month.

3. Prepare a schedule of unfinished jobs to support the balance in the work in process account.

4. Preapare a schedule of completed jobs on hand to support yhe balance in the finished goods account.