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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.

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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, $3,220. b. Materials requisitioned and factory labor used: Job No. Materials 101 Factory Labor $2,010 102 103 $2,910 3.550 2,360 2,710 1,330 4.980 104 7,970 105 5,060 3,700 990 3.800 2,410 106 For general factory se 2,970 c. Factory overhead costs incurred on account, $5,560. d. Depreciation of machinery and equipment, $1,430. e. The factory overhead rate is $50 per machine hour. Machine hours used Job No. 101 Machine Hours 28 45 102 103 24 104 84 Job No. Machine Hours 101 28 102 45 103 24 104 84 105 33 106 20 Total 234 f. Jobs completed: 101, 102, 103, and 105. 9. Jobs were shipped and customers were billed as folows: Job 101, $7,580; Job 102, $10,210; Job 105, $14,180. Required: 1. Joumalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. Entries Description Debit Credit 1. Joumalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. Entries Description Debit Credit Sale Cost 2. Post the appropriate entries to accounts for Work in Process and wished Goods, using the identifying letters transaction code Insert memo account balances as of the end of the month Work in Process Finished Goods Bal 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Hidreth Company Schedule of Unfinished Jobs Job Direct Materials Direct Labor Factory Overhead Total ZA 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

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