accounting

Project Description:

hildreth company uses a job order cost system. the following data summarize the operations related to production for april 2014 the first month of operations. a. materials purchased on accounts $147,000
b.materials requisitioned and factory labor used:
job no. mtrils fctor lbor
101 $19,320 $19,500
102 23,100 28,140
103 13,440 14,000
104 38,200 36,500
105 18,050 15,540
106 18,000 18,700
for general factory use 9,000 20,160
c. factory overhead costs incurred on account, $6,000.
d. depreciation of machinery and equipment, $4,100.
e. the factory overhead rate is $40 per machine hour. machine hours used:
job mci hours
101 154
102 160
103 126
104 238
105 160
106 174
total 1,012
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.
istructios
1. journalize the entries to record the summarized operations.
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.
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.
Skills Required:
Project Stats:

Price Type: Negotiable

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