Obj. 2 Hildreth Company uses job order costing. The following data summarize the operations...
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Accounting
Obj. 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, $ b Materials requisitioned and factory labor used: c Factory overhead costs incurred on account, $ d Depreciation of machinery and equipment, $ Details f Jobs completed: and g Jobs were shipped and customers were billed as follows: Job $; Job $; Job $ Instructions Journalize the entries to record the summarized operations. Post the appropriate entries to accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert mema account halances as of the end of the month. Prepare a schedule of unfinished jobs to support the balance in the work in pracess account Prepare a schedule of completed jobs on hand to support the balance in the finished goods account,
Obj.
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, $
b Materials requisitioned and factory labor used:
c Factory overhead costs incurred on account, $
d Depreciation of machinery and equipment, $
Details
f Jobs completed: and
g Jobs were shipped and customers were billed as follows: Job $; Job
$; Job $
Instructions
Journalize the entries to record the summarized operations.
Post the appropriate entries to accounts for Work in Process and Finished Goods,
using the identifying letters as transaction codes. Insert mema account halances as
of the end of the month.
Prepare a schedule of unfinished jobs to support the balance in the work in pracess
account
Prepare a schedule of completed jobs on hand to support the balance in the finished
goods account,
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