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 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.
e. The factory overhead rate is $ 40 per machine hour.
Machine hours used:
Job Machine 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.

Instructions
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.