2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using...

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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. Work in Process Bal. Bal. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Job Finished Goods Hildreth Company Schedule of Unfinished Jobs Direct Materials Balance of Work in Process, April 30 Direct Labor Factory Overhead Total Bal. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Job Hildreth Company Schedule of Unfinished Jobs Direct Materials Balance of Work in Process, April 30 Job Direct Labor 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Direct Materials Factory Overhead Hildreth Company Schedule of Completed Jobs Direct Labor Factory Overhead Total A Total Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April first month of operations: a. Materials purchased on account, $2,290. b. Materials requisitioned and factory labor used: Job No. 101 102 103 104 105 106 For general factory use Materials $2,320 2,830 1,880 6,360 4,040 2,950 790 Factory Labor $2,740 3,700 1,810 6,800 5,180 3,290 4,060 c. Factory overhead costs incurred on account, $4,430. d. Depreciation of machinery and equipment, $1,950. e. The factory overhead rate is $75 per machine hour. Machine hours used: Job No. 101 102 103 104 105 106 Total b. Entries Machine Hours 19 17 15 79 34 18 f. Jobs completed: 101, 102, 103, and 105. g. Jobs were shipped and customers were billed as follows: Job 101, $7,780; Job 102, $9,370; Job 105, $13,960. Required: 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. Description Accounts Payable 182 11 Debit Credit d. f. 9. Sale 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transa codes. Insert memo account balances as of the end of the month. Work in Process Bal. Bal. Finished Goods 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Job Hildreth Company Schedule of Unfinished Jobs Direct Materials Balance of Work in Process, April 30 Direct Labor Factory Overhead $ Total 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. Work in Process Bal. Bal. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Job Finished Goods Hildreth Company Schedule of Unfinished Jobs Direct Materials Balance of Work in Process, April 30 Direct Labor Factory Overhead Total Bal. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Job Hildreth Company Schedule of Unfinished Jobs Direct Materials Balance of Work in Process, April 30 Job Direct Labor 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Direct Materials Factory Overhead Hildreth Company Schedule of Completed Jobs Direct Labor Factory Overhead Total A Total Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April first month of operations: a. Materials purchased on account, $2,290. b. Materials requisitioned and factory labor used: Job No. 101 102 103 104 105 106 For general factory use Materials $2,320 2,830 1,880 6,360 4,040 2,950 790 Factory Labor $2,740 3,700 1,810 6,800 5,180 3,290 4,060 c. Factory overhead costs incurred on account, $4,430. d. Depreciation of machinery and equipment, $1,950. e. The factory overhead rate is $75 per machine hour. Machine hours used: Job No. 101 102 103 104 105 106 Total b. Entries Machine Hours 19 17 15 79 34 18 f. Jobs completed: 101, 102, 103, and 105. g. Jobs were shipped and customers were billed as follows: Job 101, $7,780; Job 102, $9,370; Job 105, $13,960. Required: 1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. Description Accounts Payable 182 11 Debit Credit d. f. 9. Sale 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transa codes. Insert memo account balances as of the end of the month. Work in Process Bal. Bal. Finished Goods 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Job Hildreth Company Schedule of Unfinished Jobs Direct Materials Balance of Work in Process, April 30 Direct Labor Factory Overhead $ Total

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