Schedules for Unfinished Jobs and Completed Jobs Waddell Equipment Company uses a job order cost system. The following data summarize the operations related to production for April 20Y4, the first month of operations: 3. Prepare a schedule of jobs sold in April. a. Materials purchased on account, $140,400. b. Materials requisitioned and factory labor used: Job Materials Factory Labor No. 401 $14,100 $13,200 Waddell Equipment Company Schedule of Jobs Sold For the Month of April 30, 2074 Job No. 401 $ No. 402 No. 402 17,250 17,820 No. 403 11,400 8,940 No. 404 32,760 No. 403 38,700 24,600 No. 405 24,900 Total No. 406 17,880 15,900 4. Prepare a schedule of completed jobs on hand as of April 30, 20Y4. For general factory use 5,160 19,500 c. Factory overhead costs incurred on account, $18,000. d. Depreciation of machinery and equipment, $6,240. e. The factory overhead rate is $55 per machine hour. Machine hours used: Job Machine Hours Waddell Equipment Company Schedule of Completed Jobs on Hand For the Month of April 30, 2014 Job Direct Materials Direct Labor Factory Overhead Finished Goods, April 30 (Job 405) $ Total No. 401 5. Prepare a schedule of unfinished jobs as of April 30, 2014. No. 402 No. 403 Waddell Equipment Company Schedule of Unfinished Jobs For the Month of April 30, 2014 Direct Materials Direct Labor No. 404 Job Factory Overhead Total No. 404 No. 405 No. 406 No. 406 Total 180 Balance of Work in Process, April 30 f. Jobs completed: 401, 402, 403, and 405. g. Jobs were shipped and customers were billed as follows: Job 401, $39,000; Job 402, $54,000; Job 403, $72,000. What account does this schedule support? 6. Determine the gross profit for April based upon the jobs sold. Ignore the difference between actual and applied factory overhead