1. 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:

   1. Materials purchased on account, $117,000.
   2. Materials requisitioned and factory labor used:

      Job	Materials	Factory Labor
      No. 401	$11,750	$11,000
      No. 402	14,375	14,850
      No. 403	9,500	7,450
      No. 404	32,250	27,300
      No. 405	20,500	20,750
      No. 406	14,900	13,250
      For general factory use	4,300	16,250

   3. Factory overhead costs incurred on account, $18,000.
   4. Depreciation of machinery and equipment, $6,240.
   5. The factory overhead rate is $55 per machine hour. Machine hours used:

      Job	Machine Hours
      No. 401		38
      No. 402		30
      No. 403		18
      No. 404		56
      No. 405		24
      No. 406		14
      Total		180

   6. Jobs completed: 401, 402, 403, and 405.
   7. Jobs were shipped and customers were billed as follows: Job 401, $32,500; Job 402, $45,000; Job 403, $60,000.

   Instructions:

   1. Prepare a schedule summarizing manufacturing costs by job for April.

   Waddell Equipment Company
   Schedule Summarizing Manufacturing Costs
   For the Month of April 30, 20Y4
   Job	Direct Materials	Direct Labor	Factory Overhead	Total
   No. 401	$	$	$	$
   No. 402
   No. 403
   No. 404
   No. 405
   No. 406
   Total				$

   2. Prepare a schedule of jobs finished in April.

   Waddell Equipment Company
   Schedule of Jobs Finished
   For the Month of April 30, 20Y4
   Job	Direct Materials	Direct Labor	Factory Overhead	Total
   No. 401	$	$	$	$
   No. 402
   No. 403
   No. 405
   Total				$

   3. Prepare a schedule of jobs sold in April.

   Waddell Equipment Company
   Schedule of Jobs Sold
   For the Month of April 30, 20Y4
   Job
   No. 401	$
   No. 402
   No. 403
   Total	$

   What account does this schedule support for the month of April?

   4. Prepare a schedule of completed jobs on hand as of April 30, 20Y4.

   Waddell Equipment Company
   Schedule of Completed Jobs on Hand
   For the Month of April 30, 20Y4
   Job	Direct Materials	Direct Labor	Factory Overhead	Total
   Finished Goods, April 30 (Job 405)	$	$	$	$

   What account does this schedule support?

   5. Prepare a schedule of unfinished jobs as of April 30, 20Y4.

   Waddell Equipment Company
   Schedule of Unfinished Jobs
   For the Month of April 30, 20Y4
   Job	Direct Materials	Direct Labor	Factory Overhead	Total
   No. 404	$	$	$	$
   No. 406
   Balance of Work in Process, April 30				$

   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. $