Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

plz answer all eBook Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April, the first

plz answer all
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
eBook 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, $1,800 b. Materials requisitioned and factory labor used: Job No. 101 102 Materials $2,200 2,680 1,780 6,030 3,830 2,990 103 Factory Labor $2,950 3,980 1,950 7,320 5.550 3.540 4,370 104 105 106 For general factory use 750 Factory overhead costs incurred on account, $4,200 d. Depreciation of machinery and equipment, 52,090, The factory overhead rates $35 per machine hour Machine hours used Job No. Machine Hours 43 101 102 19 37 103 104 71 105 24 106 Total 233 Jobs completed: 101, 102, 103, and 105 Jobs were shipped and customers were bed as follows Job 101, 57.990. Job 102, 58,790; Job 105, 514,570. 1. Journalize the entries to record the summarized operations. For a compound transaction, If an amount box does not require Debit Credit Entries Description a. Materials 3,280 x Accounts Payable 3,280X b. Work in Process Factory Overhead Materials Wages Payable I WII Factory Overhead Accounts Payable d. Factory Overhead Accumulated Depreciation-Machinery and Equipment Work in Process Factory Overhead Finished Goods Work in Process 9. Sale Accounts Receivable Sales 9. Cost Cost of Goods Sold Finished Goods 2. Post the appropriate entries to Taccounts for Work In Process and Finished Goods, using the identifying letters of the end of the month Work in Process (6) e

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Shariah Audit Framework A Case Study Of UAE Noor Takaful Operations

Authors: Abdussalam Ismail Onagun

1st Edition

3659644064, 978-3659644061

More Books

Students also viewed these Accounting questions

Question

Socialize infrequently with colleagues outside of work

Answered: 1 week ago

Question

5-8 What are the advantages and disadvantages of the BYOD movement?

Answered: 1 week ago