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, $2,860. Materials requisitioned and factory labor used: Job No. Materials Factory Labor 101 $2,680   $3,280   102 3,270   4,430   103 2,170   2,160   104 7,340   8,130   105 4,660   6,200   106 3,400   3,940   For general factory use 910   4,850   Factory overhead costs incurred on account, $5,120. Depreciation of machinery and equipment, $2,330. The factory overhead rate is $75 per machine hour. Machine hours used: Job No. Machine Hours 101   17   102   36   103   16   104   78   105   31   106   19   Total   197   Jobs completed: 101, 102, 103, and 105. Jobs were shipped and customers were billed as follows: Job 101, $8,680; Job 102, $12,480; Job 105, $16,040. Required:

Question

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, $2,860.
  2. Materials requisitioned and factory labor used:

    Job No. Materials Factory Labor
    101 $2,680   $3,280  
    102 3,270   4,430  
    103 2,170   2,160  
    104 7,340   8,130  
    105 4,660   6,200  
    106 3,400   3,940  
    For general factory use 910   4,850  
  3. Factory overhead costs incurred on account, $5,120.
  4. Depreciation of machinery and equipment, $2,330.
  5. The factory overhead rate is $75 per machine hour. Machine hours used:

    Job No. Machine Hours
    101   17  
    102   36  
    103   16  
    104   78  
    105   31  
    106   19  
    Total   197  
  6. Jobs completed: 101, 102, 103, and 105.
  7. Jobs were shipped and customers were billed as follows: Job 101, $8,680; Job 102, $12,480; Job 105, $16,040.

Required:

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