PR 16-2B Entries and schedules for unfinished jobs and completed jobs Obj. 2 Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April, the first month of operations: DA MERE A. Materials purchased on account, $147,000. B. Materials requisitioned and factory labor used: CENETLL LEICE Job No. 101 Materials $19,320 23,100 13,440 38,200 18,050 18,000 9,000 Factory Labor $19,500 28,140 14,000 36,500 15,540 106 18,700 20.160 For general factory use 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: Machine Hours Total F. Jobs completed: 101, 102, 103, and 105. G. Jobs were shipped and customers were billed as follows: Job 101, $62.900: Job 102. $80.700: Job 105, $45,500. Based on your solution to Problem 16-2B. Question 1 (10 points) The journal entry for transaction (b) includes a debit to Work in Process for direct materials cost and direct labor cost. True False Question 2 (10 points) The journal entry for transaction (b) includes a debit to Factory Overhead for indirect materials and indirect labor cost. True False Question 3 (10 points) The Journal entry for transaction (b) includes a credit to wages payable for $132,380. True False Question 4 (10 points) The journal entry for transaction (d) includes a debit to Factory Overhead. True False Question 5 (10 points) Question 5 (10 points) The journal entry for transaction (e) includes a debit to Factory Overhead. True False Question 6 (10 points) The applied factory overhead for April is $ Question 7 (10 points) The total cost of completed goods transferred from work in process to finished goods at the end of April was $ Question 8 (10 points) In transaction (g) when jobs were shipped and billed, sales would increase by $ Question 9 (10 points) In transaction (e) when goods were shipped and billed, cost of goods sold was recorded at $ Question 10 (10 points) The balance of the Work In Process account at the end of Aprilis