Garnett Printing Corp. uses a job-order cost system. The following data summarize the operations related to the first quarter's production:

1. Materials purchased on account were $192,000, and factory wages incurred were $91,500.

2. Materials requisitioned and factory labour used by job were as follows:

3. Manufacturing overhead costs incurred on account were $59,500.
4. Depreciation on machinery and equipment was $14,550.
5. The manufacturing overhead rate is 80% of the direct labour cost.
6. Jobs completed during the quarter were 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 6.)

Transcribed Image Text:

ob Number Materials 33,240 42,920 36,100 41,270 4,470 $158,000 Factory Labour $18,000 A21 17,000 25,000 7,500 91,500 General factory use