Hildreth Company uses job order costing. The following data summarize the operations related to production for April, the first month of operations:
a. Materials purchased on account, $3,250.
b. Materials requisitioned and factory labor used:
Job No.
Materials
Factory Labor
101
$2,740
$2,400
102
3,340
3,240
103
2,220
1,580
104
7,510
5,950
105
4,770
4,540
106
3,480
2,880
For general factory use
930
3,550
c. Factory overhead costs incurred on account, $5,230.
d. Depreciation of machinery and equipment, $1,700.
e. The factory overhead rate is $75 per machine hour. Machine hours used:
Job No.
Machine Hours
101
40
102
19
103
39
104
79
105
22
106
35
Total
234
f. Jobs completed: 101, 102, 103, and 105.
g. Jobs were shipped and customers were billed as follows: Job 101, $9,770; Job 102, $9,610; Job 105, $19,500.
Required:
1. Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.
Entries
Description
Debit
Credit