Reference no: EM132502225

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:

Materials purchased on account, $1,990.

Materials requisitioned and factory labor used:

                               Job No.                                    Materials                                 Factory

Labor                      101                          $2,680                                    $2,830

                                 102                         3,270                                        3,820

                               103                          2,170                                       1,870

                                104                          7,340                                     7,020

                                   105                       4,660                                     5,350

                                  106                             3,400                                  3,400

For general factory use                                      910                                    4,190

1. Factory overhead costs incurred on account, $5,120.
2. Depreciation of machinery and equipment, $2,010.
3. The factory overhead rate is $75 per machine hour.

Machine hours used:

Job No.Machine Hours

101 30

102 17

103 42

104 85

105 22

106 40

Total 236

Jobs completed: 101, 102, 103, and 105.

• Jobs were shipped and customers were billed as follows: Job 101, $9,310; Job 102, $10,040; Job 105, $20,850.

Required:

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