27th Edition
WARREN + 5 others
ISBN: 9781337272094




27th Edition
WARREN + 5 others
ISBN: 9781337272094
Textbook Problem

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:

a. Materials purchased on account. $147,000.

b. Materials requisitioned and factory labor used:

Job No. Materials Factory Labor
101 $19,320 $19,S00
102 23,100 28,140
103 13,440 14,000
104 38,200 36,500
105 18,050 15,540
106 18,000 18,700
For general factory use 9,000 20,160

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.


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.


To determine

Job order costing

Job order cost system provides a separate record of each particular quantity of product that passes through the factory. Each quantity that is manufactured in the business is known as job. Job order costing is used when the products produced are significantly different from each other.

To record: the journal entries to record summarized operations.


The journal entries of operations of CompanyH is as follows:

Date Account titles and Explanation Debit
a Materials 147,000  
      Accounts Payable   147,000
  (Record materials purchased)    
b Work in processTable (2) 130,110  
  Factory overhead 9,000  
      Materials   139,110
  (Record material requisitioned to jobs)    
  Work in processTable (2) 132,380  
  Factory overhead 20,160  
      Wages payable   152,540
  (Record factory labor used in production)    
c Factory overhead 6,000  
      Accounts payable   6,000
  (Record factory overhead cost incurred on account)    
d Factory overhead 4,100  
      Accumulated depreciation – Machinery & Equipment   4,100
  (Record depreciation on account)    
e Work in process 40,480  
      Factory overhead(1,012 hours × $40)   40,480
  (Record overhead applied to jobs)    
f Finished goodsTable (3) 175,090  
      Work in process   175,090
  (Record completion of job)    
g Accounts Receivable 189,100  
      Sales   189,100
  (Record sales on account)    


To determine

To prepare: appropriate T-accounts for work in process and Finished goods account.


To determine

To prepare: schedule of unfinished jobs to support the balance in the work in process account.


To determine

To prepare: schedule of completed jobs to support the balance in the work in process account.

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