- Entries And Schedules For Unfinished Jobs And Completed Jobs Hildreth Company Uses A Job Order Cost System The Followin 1 (30.23 KiB) Viewed 39 times
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- Entries And Schedules For Unfinished Jobs And Completed Jobs Hildreth Company Uses A Job Order Cost System The Followin 6 (46.41 KiB) Viewed 39 times
BOOK c. Factory overhead costs incurred on account, $5,370. d. Depreciation of machinery and equipment, $1,800. e. The factory overhead rate is $45 per machine hour. Machine hours used: Job No. Machine Hours 101 42 102 41 103 27 104 69 IOS 16 106 22 Total 217 f. Jobs completed: 101, 102, 103, and 105. D. Jobs were shipped and customers were billed as follows: Job 101, $8,690; Job 102, $10,450: Job 105, $15,010, Required: 1. Journal the entries to record the summarized operations. If an amount box does not require in este blank
Entries Description Debit Credit Materials Accounts Payable Work in Process Factory Overhead Materials ED Wages Payable Factory Overhead Accounts Payable Factory Overhead Accumulated Depreciation Machinery and Equipment - Work in Process Factory Overhead
f. Finished Goods Work in Process 9 Sale Accounts Receivable w Sales MV مانی g. Cost Accounts Receivable MX Sales MIX
2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert mero account balances as of the end of the month. Work in Process b e Bal. . Finished Goods 0 (0) Bal.
3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Hildren Company Schedule of Unfinished Jobs Job Direct Materials Direct Labor Factory Overhead Total No. 104 $ 7,700 6,300 $ No. 106 3,570 3,050 Balance of Work in Process, April 30 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Hildreth Company Schedule of Completed Jobs Direct Labor Factory Overhead Total Direct Materials Job 2,280 ✓ $ Finished Goods, April 30 (Job 103) 1,680