PR 17-2B Entries and Schedules for Unfinished Jobs and Completed Jobs Obj. 2 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, $147,000. b. Materials requisitioned and factory labor used: Factory Labor Job No. 101 102 103 104 105 106 For general factory use Materials $19,320 $19,500 23,100 28,140 13,440 14,000 38,200 36,500 18,050 15,540 18,000 18,700 9,000 20,160 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 101 154 102 160 103 126 104 238 105 160 106 174 Total 1,012 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. 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. Answer+ Check Figure: Work in Process balance, $127,880