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Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April, the first month of operations: a. Materials purchased on account, $2,880. b. Materials requisitioned and factory labor used: I Job No. Materials $2,630 3,210 Factory Labor $2,750 101 102 3,710 103 2,130 1,820 104 7,210 6,820 105 4,580 5,200 3,300 106 3,340 For general factory use 890 4,070 c. Factory overhead costs incurred on account, $5,020. d. Depreciation of machinery and equipment, $1,950. e. The factory overhead rate is $75 per machine hour. Machine hours used: eBook Calculator 4,580 5,200 105 106 3,340 3,300 4,070 890 For general factory use c. Factory overhead costs incurred on account, $5,020. d. Depreciation of machinery and equipment, $1,950. e. The factory overhead rate is $75 per machine hour. Machine hours used: Job No. Machine Hours 101 39 102 27 103 28 104 72 105 27 106 17 Total 210 f. Jobs completed: 101, 102, 103, and 105. g. Jobs were shipped and customers were billed as follows: Job 101, $9,970; Job 102, $10,730; Job 105, $17,550. Required: 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. Finished Goods 2. Post the appropriate entries to 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) 46,700 (0) (e) 15,750 Bal. Finished Goods (9) (0) 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

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