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.)