Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter"s production. Materials purchased on account $192,000, and factory wages incurred $87,300. Materials requisitioned and factory labor used by job:
General factory use
$87,300 Manufacturing overhead costs incurred on account $49,500. Depreciation on factory equipment $14,550. Depreciation on the company"s office building was $14,300. Manufacturing overhead rate is 90% of direct labor cost. Jobs completed during the quarter: A20, A21, and A23.
Prepare entries to record the operations summarized above. (Prepare a schedule showing the individual cost elements and total cost for each job in item 7.)