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Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarters production. 1. Materials purchased on

Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarters production.

1. Materials purchased on account $193,700, and factory wages incurred $91,000.
2. Materials requisitioned and factory labor used by job:

Job Number

Materials

Factory Labor

A20 $36,740 $19,300
A21 44,120 22,200
A22 37,900 15,300
A23 40,770 26,700
General factory use 5,170 7,500
$164,700 $91,000

3. Manufacturing overhead costs incurred on account $53,500.
4. Depreciation on factory equipment $16,050.
5. Depreciation on the companys office building was $15,300.
6. Manufacturing overhead rate is 88% 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.

Job

Direct Materials

Direct Labor

Manufacturing Overhead

Total

A20 $ $ $ $
A21
A23
$

Prepare entries to record the operations summarized above. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.

Account Titles and Explanation

Debit

Credit

(1)

(To record materials purchases)

(To record factory wages)

(2)

(To record materials put into production)

(To record labor put into production)

(3)

(4)

(5)

(6)

(7)

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