operations. PR 17-2B Entries and schedules for unfinished jobs and completed jobs OBJ. 2 Hildreth Company uses a job order cost system. The following data summarize the opera- tions related to production for April 2014, the first month of operations a. Materials purchased on account, $147,000. b. Materials requisitioned and factory labor used: Job No. Materials Factory Labor 101 $19,320 $19.500 102 23.100 28,140 103 13,440 14,000 104 38,200 36,500 105 18,050 15,540 106 18,000 18,700 For general factory use 9,000 20,160 (Continued) apter 17 Job Order Costing c Factory overhead costs incurred on account, $6,000. d. Depreciation of machinery and equipment, $4,100. e The factory overhead rate is $40 per machine hour. Machine hours used: Job Machine Hours 101 154 160 102 103 126 104 238 105 160 106 174 Total 1,012 f. Jobs completed: 101, 102, 103, and 105. 8. Jobs were shipped and customers were billed as follows: Job 101, $62,900; Job 102, $80,700; Job 105, $45,500. Instructions 1. Journalize the entries to record the summarized operations. 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. 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