PR 19-2B 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:

3. Work in Process balance, $127,880

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

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.