Exercise 16-8 Your answer is partially correct. Try again. ting 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 $193,000, and factory wages incurred $87,800. 2. Materials requisitioned and factory labor used by job: Job Number A20 A21 A22 A23 General factory use Materials Factory Labor $36,240 43,920 36,200 40,270 4,570 $161,200 $18,100 22,100 15,100 25,100 7,400 3. Manufacturing overhead costs incurred on account $49,600. 4. Depreciation on factory equipment $15,550. 5. Depreciation on the company's office building was $14,300. 6. Manufacturing overhead rate is 80% of direct labor cost. 7. Jobs completed during the quarter: A20, A21, and A23. Prepare entries to record the operations summarized above. (Credit account titles are automatically indented when amount is ent No. Account Titles and Explanation Debit Credit (1 Raw Materials Inventory Accounts Payable 193,000 (To record materials purchases)