Hildreth Company uses job order costing. The following data summarize the operations related to production...
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Hildreth Company uses job order costing. The following data summarize the operations related to production for April, the first month of operations: a. Materials purchased on account, $2,360. b. Materials requisitioned and factory labor used: c. Factory overhead costs incurred on account, $3,780. d. Depreciation of machinery and equipment, $1,620. e. The factory overhead rate is $35 per machine hour. Machine hours used: f. Jobs completed: 101, 102, 103, and 105. g. Jobs were shipped and customers were billed as follows: Job 101,$6,410; Job 102,$7,480; Job 105,$11,930. Required: 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. 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
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