Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April, the first month of operations:

Materials purchased on account, $$3,370.$

Materials requisitioned and factory labor used:

Job No$.$ Materials Factory Labor

$101$ $$2,240$ $$2,860$

$1022,7303,860$

$1031,8101,890$

$1046,1407,090$

$1053,9005,410$

$1062,8403,430$

For general factory use $7604,230$

Factory overhead costs incurred on account, $$4,280.$

Depreciation of machinery and equipment, $$2,030.$

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

Job No$.$ Machine Hours

$10134$

$10227$

$10342$

$10480$

$10517$

$10645$

Total $245$

Jobs completed: $101,102,103,$ and $105.$

Jobs were shipped and customers were billed as follows: Job $101,$ $$7,750$; Job $102,$ $$9,200$; Job $105,$ $$15,600.$

Required:

$1.$ Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.

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.

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

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