PR 19-2B Entries and schedules for unfinished jobs and completed jobs Obj. 2 - Describe and illustrate a job order cost accounting system. Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April, the first month of operations: Excel a. Materials purchased on account, $147,000. b. Materials requisitioned and factory labor used: Job No. 101 102 103 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 18,700 20,160 104 105 106 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: Job 101 102 103 Machine Hours 154 160 126 238 160 174 1,012 104 105 106 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. Instructions e.com/staticb/ui/evo/index.html?eISBN=9781337272261&id=181267465&nbid=509172&snapshotid=5091728dockApp Uid Print Preview 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