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Can you please help with my accounting homework? Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to
Can you please help with my accounting homework?
Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. 1. (a) Materials purchased on account $193,770, and (b) factory wages incurred $87,090. 2. (a) Materials requisitioned and (b) factory labor used by job: Job Number Materials Factory Labor A20 $35,180 $17,790 A21 41,930 22,110 A22 35,740 15,700 A23 39,010 24,110 4,010 7,380 $155,870 $87,090 General factory use 3. 4. 5. 6. 7. Manufacturing overhead costs incurred on account $38,830. Depreciation on factory equipment $13,060. Depreciation on the company's office building was $14,360. Manufacturing overhead rate is 80% of direct labor cost. Jobs completed during the quarter: A20, A21, and A23. Prepare entries to record the operations summarized above. Prepare a schedule showing the individual cost elements and total cost for each job in item 7Step by Step Solution
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