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Need help with answers that are empty. 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry,
Need help with answers that are empty.
1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. b. Work in Process Factory Overhead Materials Wages Payable c. Factory Overhead Accounts Payable 44,670 3,930 6,130 6,130 d. Factory Overhead Accumulated Depreciation-Machinery and Equipment e. Work in Process 13,145 Factory Overhead 13,145 f. Finished Goods Work in Process Bal. Finished Goods 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses job order costing. The following data summarize the operations related to production for April, the first month of operations: a. Materials purchased on account, $2,280. b. Materials requisitioned and factory labor used: c. Factory overhead costs incurred on account, $6,130. d. Depreciation of machinery and equipment, $1,360. e. The factory overhead rate is $55 per machine hour. Machine hours used: d. Depreciation of machinery and equipment, $1,360. e. The factory overhead rate is $55 per machine hour. Machine hours used: f. Jobs completed: 101, 102, 103, and 105 . g. Jobs were shipped and customers were billed as follows: Job 101, \$8,860; Job 102, \$9,260; Job 105, \$15,690. Required: 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. Description Debit Credit b. Work in Process Factory Overhead Materials 44,670 3,930 Factory Overhead g. Sale Accounts Receivable Sales g. Cost 13,145 33,810 033,810 Work in Process Bal. Finished Goods 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Hildreth Company 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. b. Work in Process Factory Overhead Materials Wages Payable c. Factory Overhead Accounts Payable 44,670 3,930 6,130 6,130 d. Factory Overhead Accumulated Depreciation-Machinery and Equipment e. Work in Process 13,145 Factory Overhead 13,145 f. Finished Goods Work in Process Bal. Finished Goods 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses job order costing. The following data summarize the operations related to production for April, the first month of operations: a. Materials purchased on account, $2,280. b. Materials requisitioned and factory labor used: c. Factory overhead costs incurred on account, $6,130. d. Depreciation of machinery and equipment, $1,360. e. The factory overhead rate is $55 per machine hour. Machine hours used: d. Depreciation of machinery and equipment, $1,360. e. The factory overhead rate is $55 per machine hour. Machine hours used: f. Jobs completed: 101, 102, 103, and 105 . g. Jobs were shipped and customers were billed as follows: Job 101, \$8,860; Job 102, \$9,260; Job 105, \$15,690. Required: 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. Description Debit Credit b. Work in Process Factory Overhead Materials 44,670 3,930 Factory Overhead g. Sale Accounts Receivable Sales g. Cost 13,145 33,810 033,810 Work in Process Bal. Finished Goods 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Hildreth CompanyStep by Step Solution
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