CALCULATE Exercise 2-8 (Video) Enos 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 $194,000, and factory wages incurred $91,800. 2. Materials requisitioned and factory labor used by job: Job Number A20 A21 A22 A23 General factory use Materials $37,740 45,720 37,400 40,770 4,570 $166,200 Factory Labor $19,400 23,100 15,700 25,200 8,400 $91,800 3. Manufacturing overhead costs incurred on account $52,300. 4. Depreciation on factory equipment $15,950. 5. Depreciation on the company's office building was $14,900. 6. Manufacturing overhead rate is 846 of direct labor cost 7. Jobs completed during the quarter: A20, A21, and A23. CALCU Prepare a schedule showing the individual cost elements and total cost for each job in item 7. Direct Direct Manufacturing Materials Labor Overhead Job A20 Total $ A21 A23 Prepare entries to record the operations summarized above. (Credit account titles are automatically indented when amount is entered No. Account Titles and Explanation Debit Credit (1) (To record materials purchases) (To record factory wages) (2) cond materials put into production) (2) (To record materials put into production) (To record labor put into production) 3) (4) (5) (6) (To record labor put into production) (3) (4) (5) (6) (7) List Of Accounts Exercise 2-8 (Video) Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Cash Cost of Completed Service Contracts Cost of Goods Sold Depreciation Expense Employer Fringe Benefits Payable Employer Payroll Taxes Payable Factory Labor Factory Wages Payable Finished Goods Inventory Manufacturing Overhead Operating Overhead Prepaid Property Taxes Raw Materials Inventory Salaries and Wages Payable Sales Revenue Service Contracts in Process Service Salaries and Wages Supplies Utilities Payable Work in Process Inventory