Recording of wage entries and preparation of reports for a cost per system purchase orders Hildreth Company uses a job order cost system. The following data summarizes the operations of the company related to production for the month of April, the company's first nonth of operations. a. Materials purchased on account (materials purchascd on account), $147,000. b. Requisition of materials and labor costs (materials mousisitined and factory lake usodo c. Factory overhead costs incurred on account, $6,000. d. Depreciation of machinery and equipment, $4,100. e. The amount of factory overhead that is applicd to production is at the rate of $40 for cach hour of use of machinery. The hours of use of the machinery are as follows: (The factory overhead rate is $40 per machine hour. Machine bours twed are as follows:) f. Jobs completed: 101,102,103, and 105 . g. Jobs lave been shipped to clients and invoiced to you as described below (jobs were shipped and customers were billed as follows): Job 101, 962,900: Job 102, 980,700; Job 105,545,500 Instructions: 1. Journalioe the previously described entries. 2. Transfer the wage entries to the Work in Process T accounts and tinished Products (Finished Goods), using the letiers that identify the transactions. Then determine the ending balance of both accounts. 3. Prepare a report for unfinished work to verify the balance recorded in the work in Process Inventory account. 4. Prepare a completed job on hand report for check the final balance of the Finished Goods account. 1. b. c. d. e. f. Computation of cost of jobs finished: g. Computation of cost of jobs sold: \begin{tabular}{l|l|l|} \hline Job & Total \\ \hline No. 101 & & \\ No. 102 & & \\ Total & & \\ \hline \end{tabular} 3. Cakaduala al undtwiefod Enke