Hildreth Company uses a job order cost system. The following data summarize the operations related to production for Apr
Posted: Thu May 19, 2022 12:12 pm
Hildreth Company uses a job order cost system. The following
data summarize the operations related to production for April, the
first month of operations:
Required:
1. Journalize the entries to record the
summarized operations. If an amount box does not require an entry,
leave it blank.
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.
data summarize the operations related to production for April, the
first month of operations:
Required:
1. Journalize the entries to record the
summarized operations. If an amount box does not require an entry,
leave it blank.
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.