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: a. Materials purchased on account, $2,130. b. Materials requisitioned and factory labor used: Job No. Materials $2,720 Factory Labor $2,830 3,820 1,870 3,320 2,200 7,450 7,020 5,350 4,730 3,450 920 106 For general factory use 3,400 4,190 c. Factory overhead costs incurred on account, $5,200. d. Depreciation of machinery and equipment, $2,010. e. The factory overhead rate is $45 per machine hour. Machine hours used:

Answer 1

Aneuor: Creditle). আ Raw materiak_inuentory NO ७्याद $,130 a. To accounis pasalole. $48.160. b. WIp inuintos nansafaclering oncrhead TO Raw moterial nentoy $5110 $241190. To tactong aages pryahle. „ouerhcad namulastaning $28,480: $5.,200 C. $5.00 To cach manafactuing achead. Fo ocemidarted dyprciation. Loverhcad $2,010 d. $2,010 hilpimuntay_(45x ) To manufastering overkced ffiniched goods invetary To Wip inventory 49045 C. $9045 $31430 $32.460. Account.yecivable $32460. To sales cast d goods sld To finished aoods înucatory. 26550 26550

b)To Raw matorial = $2,120 4- 3,3201 2,a0o +4,450+ 4,7304 3,450 +q20 = $24,190. fariny wags poyebe = $ 2,830 + 3, 80-+ 1,870+ 7,00 + 5, 350+ 3,400 + 4,190 - $ 28, 480 ffaetecdiag onheed = 9 20 + 4,190 Š110 + $ 28, 480 - $5110 Wip = $ 48, 160 · Đ finishid goods imventay - Job completed 101, los, 103 & lo5 =(3720+ 282)+(37 x45) + 3330+38J0+ (20xus))+ 2200 + 18:70-+ (18 X 45 (4t30 + 53 50 + (84 145) =7315 + 8040+ 4880+ 11 295 31, r3o

accourt ruivable- 8660 + 9650+14150 = 32460. d goods sold = (4 37004 as30 + (37 x45 cost 33201 3820t (20 x45) (UT30 4 53.50 + C1 xus)) = 26 550. work in poocess fiaisht dgoods 31,430 51205 balanee 25775 ifinished Goods .COGS 6550 31,430 WIP bolance 4880 balance. 31,430 - 26550=4880 finicheod goode oikin proiess beginaing balance - (8130 4 2830 + (37 K45))+ intoik in process +@20xus))+ (4730+5350+(4 xus) 4 3300-t38204 R00 -+18704 (18 x45))+ (-1450+ #Q20+(74xus))+ cus) (९५६०+ 3५601 25 x ५5

1215 + 80Uo +11295+4880 + 1780o +7759 = S7205 S7205 - 31,430 - 25 74 5 Dinud makainh Dircet dahor Hactony oucrhcad-tol al. Job. loy E1020 34x45 = 3330 7800 7450 7975 106 3450 25 x45= l125 340 Lbalance in wip. 25775- ☺ehedule of comple ted Jobs:- Direel matuialg Disect faboorfatlory oucihead Totd Tob 103 వa00 18X45= 81O 4880