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Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses a border coat ystem. The following data summarter the operations related to production for for the first month of operations: a. Materials purchased on account, $3,280 b. Materials requisitioned and factory labor used: Job No. 101 Materials $2,320 2,830 1,880 102 100 Factory Labor 12,690 3,900 1,910 7,170 5,460 3.490 4,280 104 6,360 105 106 4,040 2,950 790 For general factory use c. Factory overhead costs incurred on account. $4,430. d. Depreciation of machinery and equipment, $2,050. e. The factory overhead rate is $45 per machine hour. Machine hours used: Job No. Machine Hours 101 27 102 - 21 103 37 104 85 19 105 106 27 Total 216 1. Jobs completed: 101, 102, 103, and 105. 9. Jobs were shipped and customers were billed as follows: Job 101, 57.710; Job 102, 59,210; Job 105,515.620. a. Materials 3,280 Accounts Payable 3,280 b. Work in Process Factory Overhead Materials Wages Payable Factory Overhead Accounts Payable d. Factory Overhead Accumulated Depreciation Machinery and Equipment Work in Process PI Factory Overhead Finished Goods Work in Process Sale Accounts Receivable Sales 9 Cost of Goods Sold Cost Finished Goods 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 Work in Process (b) (1) () () Bal Finished Goods (O (9) Bal. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Hildreth Company Schedule of Unfinished Jobs Job Direct Materials Direct Labor Factory Overhead Total No. 104 $ $ $ No. 106 Balance of Work in Process, April 30 4. Prepare a schedule of completed Jobs on hand to support the balance in the finished goods account Hildreth Company Schedule of Completed Jobs Job Direct Materials Direct Labor Factory Overhead Total Finished Goods, April 30 (Job 103) $

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