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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, $3,330 b. Materials requisitioned and factory labor used Materials Job No 101 102 103 104 105 106 For general factory use Factory Labor $2,350 2,870 1,900 6,440 4,090 2,980 800 $2,730 3,690 1,800 6,770 5,160 3,280 4,040 c. Factory overhead costs incurred on account, $4,490 d. Depreciation of machinery and equipment, $1,940 e. The factory overhead rate is $60 per machine hour. Machine hours used: Job No 101 102 103 104 105 106 Total Machine Hours 17 20 29 76 39 35 216 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 as of the end of the month. Work in Process 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 Materials Direct Labor Factory Overhead Factory Materiat Direct Labor Job Total 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 Direct Factory Job Direct Labor Total Materials Overhead

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