Prepare entries to record the operations summarized above. (Prepare a schedule showing the…
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:
Job Number
Materials
Factory Labor
A20
$ 35,240
$18,000
A21
42,920
22,000
A22
36,100
15,000
A23
39,270
25,000
General factory use
4,470
7,300
$158,000
$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.
Instructions
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.)
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