1. 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, the first month of operations:

   1. Materials purchased on account, $3,300.
   2. Materials requisitioned and factory labor used:

      Job No.	Materials		Factory Labor
      101	$2,060		$1,910
      102	2,510		2,580
      103	1,670		1,260
      104	5,640		4,740
      105	3,580		3,610
      106	2,620		2,290
      For general factory use	700		2,830

   3. Factory overhead costs incurred on account, $3,930.
   4. Depreciation of machinery and equipment, $1,360.
   5. The factory overhead rate is $40 per machine hour. Machine hours used:

      Job No.	Machine Hours
      101		17
      102		18
      103		22
      104		67
      105		19
      106		18
      Total		161

   6. Jobs completed: 101, 102, 103, and 105.
   7. Jobs were shipped and customers were billed as follows: Job 101, $5,580; Job 102, $6,970; Job 105, $11,050.

   Required:

   1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.

   Entries	Description	Debit	Credit
   a.	Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in Process	fill in the blank 2	fill in the blank 3
   	Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in Process	fill in the blank 5	fill in the blank 6
   b.	Accounts PayableCashCost of Goods SoldMaterialsWages PayableWork in Process	fill in the blank 8	fill in the blank 9
   	Accounts PayableAccounts ReceivableCashFactory OverheadMaterialsWages Payable	fill in the blank 11	fill in the blank 12
   	Accounts PayableAccounts ReceivableCashFactory OverheadMaterialsWork in Process	fill in the blank 14	fill in the blank 15
   	Accounts PayableCost of Goods SoldFactory OverheadFinished GoodsWork in ProcessWages Payable	fill in the blank 17	fill in the blank 18
   c.	Accounts PayableCashCost of Goods SoldFactory OverheadMaterialsWork in Process	fill in the blank 20	fill in the blank 21
   	Accounts PayableCashCost of Goods SoldFactory OverheadMaterialsWork in Process	fill in the blank 23	fill in the blank 24
   d.	Accounts PayableAccumulated Depreciation-Machinery and EquipmentCashCost of Goods SoldFactory OverheadWork in Process	fill in the blank 26	fill in the blank 27
   	Accounts PayableAccumulated Depreciation-Machinery and EquipmentCashFactory OverheadFinished GoodsWork in Process	fill in the blank 29	fill in the blank 30
   e.	Accounts PayableAccounts ReceivableCashFactory OverheadFinished GoodsWork in Process	fill in the blank 32	fill in the blank 33
   	Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in Process	fill in the blank 35	fill in the blank 36
   f.	Accounts PayableAccounts ReceivableCashFactory OverheadFinished GoodsWork in Process	fill in the blank 38	fill in the blank 39
   	Accounts PayableCashFactory OverheadFinished GoodsMaterialsWork in Process	fill in the blank 41	fill in the blank 42
   g. Sale	Accounts ReceivableCashFactory OverheadFinished GoodsSalesWork in Process	fill in the blank 44	fill in the blank 45
   	Accounts ReceivableCashFactory OverheadFinished GoodsSalesWork in Process	fill in the blank 47	fill in the blank 48
   g. Cost	Accounts ReceivableCost of Goods SoldFactory OverheadFinished GoodsSalesWork in Process	fill in the blank 50	fill in the blank 51
   	Accounts ReceivableCost of Goods SoldFactory OverheadFinished GoodsSalesWork in Process	fill in the blank 53	fill in the blank 54

   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
   (a)(b)(c)(d)(f)(g)	fill in the blank 56	(a)(b)(c)(d)(e)(f)(g)	fill in the blank 58
   (a)(c)(d)(e)(f)(g)	fill in the blank 60
   Bal.	fill in the blank 61

   Finished Goods
   (a)(b)(c)(d)(e)(f)(g)	fill in the blank 63	(a)(b)(c)(d)(e)(f)(g)	fill in the blank 65
   Bal.	fill in the blank 66

   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. 101No. 102No. 103No. 104No. 105	$	fill in the blank 68	$	fill in the blank 69	$	fill in the blank 70	$	fill in the blank 71
   No. 101No. 102No. 103No. 105No. 106		fill in the blank 73		fill in the blank 74		fill in the blank 75		fill in the blank 76
   Balance of Work in Process, April 30							$	fill in the blank 77

   4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account.

   Hildreth Company Schedule of Completed Jobs
   Job	Direct Materials		Direct Labor		Factory Overhead		Total
   Finished Goods, April 30 (Job 103)Finished Goods, April 30 (Job 105)Finished Goods, April 30 (Job 106)	$	fill in the blank 79	$	fill in the blank 80	$	fill in the blank 81	$	fill in the blank 82

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