Chapter 2 In-Class Activity Charles Boyle Menu 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 $192,000 2. Materials requisitioned and factory labor used by job: Job No. Materials $33,240 42,920

36,100 41,270 4,470 $158,000 3. Manufacturing overhead costs incurred on account $39,500 4. Depreciation on machinery & equipment $14,550 5. Manufacturing overhead rate is 80% of DL cost. 6. Jobs completed during the quarter: A20, A21, & A23 7. Job A20 sells for $100,000 on account. 8. Close out Manufacturing Overhead at the end of the period. Factory Labor $18,000 24,000 17,000 25,000 7,800 $91,800 A20 A21 A22 A23 General Factory Use Instructions: Prepare the journal entries to record the operations summarized above, along with the appropriate T-accounts and subsidiary ledgers.

Charles Boyle Menu 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 $192,000 2. Materials requisitioned and factorv labor used bv iob: 3. Manufacturing overhead costs incurred on account $39,500 4. Depreciation on machinery \& equipment $14,550 5. Manufacturing overhead rate is 80% of DL cost. 6. Jobs completed during the quarter: A20,A21,&A23 7. Job A20 sells for $100,000 on account. 8. Close out Manufacturing Overhead at the end of the period. Instructions: Prepare the journal entries to record the operations summarized above, along with the appropriate T-accounts and subsidiary ledgers