Question

Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the hirst quarter production. 1. Materials purchased on account $196,100, and factory wages incurred $92,200. Materials requisitioned and factory labor used by job: 2. Job Number A20 A21 A22 Materials $36.940 44,720 37.800 41,170 4,570 $165,200 Factory Labor $19,900 22,200 15,900 26,400 7,800 $92,200 A23 General factory use 3. 4. 5. Manufacturing overhead costs incurred on account $50,100. Depreciation on factory equipment $16,550. Depreciation on the company's office building was $14,300. Manufacturing overhead rate is 89% of direct labor cost. Jobs completed during the quarter: A20, A21, and A23. 6. 7.

Answer 1

Sol * schedule showing the induudwal cost elementi cost elements & total cost each job item in 7 for elements bol Total Job Direct materials Direct Labour Manubacturing overhead Clabour x897) 7455) A 20 $19900 17711 $36940 44720 86678 A 21 22200 19758 91066 23496 A 23 41170 26400 Total 252295 Entries credit Debit NO 19 G100 lo 196100 92200 92200 Accounts title & explanation Raw material inventory Accounts payable (to recod material purchased) Factory labour (Dr) Factory wages payable To record backry wages) work in process (inventory) overhead Raw materials inventing (To recold materials requisitioned) 160 630 2 . 4570 Manufacturing 165200 84400 work in 7800 process inventory Manubachusing Overhead Factory (To recold factoly labour used) labour 92200

golbo 3. 50100 Manufacturing overhead Accounts payable Cto se cold manubacturing of incurred) 16550 4 16550 Manubachuding Overhead Acc Depreciation Equipment (to recod depreciation on Puipment 14300 14300 5. ciation Depre Accumulated Depreciation Building (TO secoy depreciation on Building 75116 6. 75116 wolk in process inventory Manubachining overhead (84400x894) To recad Man Oh on direct labour) 252295 7. 252295 Finished costs inventory work in process inventory jobs Completed) Go recorde