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, $2,690. b. Materials requisitioned and factory labor used: Materials Job No. 101 $2,280 Factory Labor $2,010 2,710 102 2,780 103 1,850 1,330 104 6,250 4,980 105 3,970 3,800 106 2,410 2,900 780 For general factory use 2,970 C. Factory overhead costs incurred on account, $4,350. d. Depreciation of machinery and equipment, $1,430. e. The factory overhead rate is $60 per machine hour. Machine hours used: Job No. Machine Hours 101 45 102 31 103 19 104 70 105 18 106 17 Total 200 f. Jobs completed: 101, 102, 103, and 105. 9. Jobs were shipped and customers were billed as follows: Job 101, $8,390; Job 102, $8,820; Job 105, $12,530. Required: 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it Entries Description Debit Credit Materials 2,690 Accounts Payable 2,690 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 f. Finished Goods Work in Process 9. Sale Accounts Receivable Sales 9. 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 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 Job Direct Materials Direct Labor Factory Overhead 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 Job Direct Materials Direct Labor Factory Overhead Total 5