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Current Attempt in Progress Your answer is partially correct. Crane Printing Corp. uses a job order cost system. The following data summarize the operations
Current Attempt in Progress Your answer is partially correct. Crane 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 $241,920, and factory wages incurred $111,010. 2. Materials requisitioned and factory labor used by job: Job Number Materials Factory Labor A201 $44,290 $23,600 A21 54.120 27.720 A22 45,440 18,900. A23 49.590 31,500 General factory use 5,650 9,290 $199,090 $111,010 Question 3 of 4 < Depreciation on the company's office building was $18,110. 5. 6. Manufacturing overhead rate is 90% of direct labor cost. 7. Jobs completed during the quarter: A20, A21, and A23. Prepare a schedule showing the individual cost elements and total cost for each job in item 7. ob 20 $ Direct Materials 44,290 $ Direct Labor 23.600 Manufacturing Overhead 21 54,120 27.720 23 49.590 31.500 9.43/25 Total Prepare entries to record the operations summarized above. (List all debit entries before credit entries. Credit account titles are automatically Indented when amount is entered. Do not indent manually.) Sundia 11 uestion 3 of 4 No. Account Titles and Explanation (1) Raw Materials Inventory Accounts Payable (To record materials purchases) Factory Labor Salaries and Wages Payable (To record factory wages) (2) Work in Process Inventory Manufacturing Overhead Raw Materials Inventory (To record materials put into production) Work in Process Inventory Manufacturing Overhead Debit Credit (3) Salaries and Wages Payable (To record labor put into production) (4) Manufacturing Overhead Accounts Payable Manufacturing Overhead (5) Accumulated Depreciation-Buildings (6) Work in Process Inventory I Manufacturing Overhead (7) Finished Goods Inventory Work in Process Inventory
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