I have figured and calculated the majority of this assigbmebt, but cannot figure out how to get the remaining wrong boxes and #3 and #4. how can i calculate these?
Entries and schedules for Unfinished Jobs and Completed Jobs 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, $3,070. b. Materials requisitioned and factory labor used: Job No. Materials Factory Labor 101 $2,390 $2,170 102 2,920 2,930 103 1,940 1,430 104 6,550 5,380 105 4,160 4,100 106 3,040 810 For general factory use 2,600 3,210 c. Factory overhead costs incurred on account, $4,560. d. Depreciation of machinery and equipment, $1,540. e. The factory overhead rate is $60 per machine hour. Machine hours used: Job No. Machine Hours 101 25 102 21 33 103 104 69 105 37 106 40 Total 225 f. Jobs completed: 101, 102, 103, and 105. D. Jobs were shipped and customers were billed as follows: Job 101, $7,270; Job 102, 58,530; Job 105, $15,520. Required: 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank, Entries Description Debit Credit 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank Entries Description Debit Credit Materials 3,070 Accounts Payable 3,070 b. Work in Process 39,610 Factory Overhead 4,020 Materials 21,810 Wages Payable 21,820 4,560 7 Factory Overhead Accounts Payable 4,560 d. Factory Overhead 1,540 Accumulated Depreciation Machinery and Equipment 1,540 Work in Process 13,500 Factory Overhead 13,500 6,960 Finished Goods Work in Process 6,960 x o. Sale Accounts Receivable 31,320 Sales 31,320 g. Cost of Goods Sold Cost Finished Goods Check My Work 2. Post the appropriate entries to accounts for Work in Process and Finished Goods using the identifying letters as transaction codes. Insert memo account balances at of the end of the month Work in Process (b) 39,610 13.500 Bal. 53,110 X Finished Goods Bal 3. Prepare a schedule of unfinished jobs to support the balance in the work in procent account Holdeth Company Schedule of Unfinished Dintet Materials Direct Factor Ovnshead Total No 164 No. 106 Balance of work in process, April 30 1. Prore schedule of completed jobs on hand to support the balance in the finished ud account ed of competih pintor Factory ad Total Materials shed Goods, Anniin ob 100