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Obj. 2 Hildreth Company uses job order costing. The following data summarize the operations...

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Accounting

Obj. 2
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, $147,000.
b. Materials requisitioned and factory labor used:
c. Factory overhead costs incurred on account, $6,000.
d. Depreciation of machinery and equipment, $4,100.
Details
f. Jobs completed: 101,102,103, and 105.
g. Jobs were shipped and customers were billed as follows: Job 101, $62,900; Job 102,
$80,700; Job 105,$45,500.
Instructions
Journalize the entries to record the summarized operations.
Post the appropriate entries to T 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,
image

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