I on account $192,090, and factory wages incurred $87,300. 2. Materials requisitioned and factory labor used by job: nonmanufacturing (LO 1, 2, 3, 4), AP Job Number A20 Materials Factory Labor A21 $ 35,240 $18,000 A22 42,920 22,000 A23 36,100 15,000 General factory use 39,270 4,470 25,000 7,300 $158,000 $87,300 3. Manufacturing overhead costs incurred on account $49,500. 4. Depreciation on factory equipment $14,550. 0346421 656 5. Depreciation on the company's office building was $14,300. 6. Manufacturing overhead rate is 90% of direct labor cost. 7. Jobs completed during the quarter: A20, A21, and A23. Instructions Prepare entries to record the operations summarized above. (Prepare a schedule showing the individual cost elements and total cost for each job in item 7.) E2-9/At May 31, 2017, the accounts of Lopez Company show the following. Prepare a co I. May 1 inventories-finished goods $12,600, work in process $14,700, and raw materials manufactur $8,200. $14,700 + partial fina 2. May 31 inventories-finished goods $9,500, work in process $15,900, and raw materials (LO 1, 5), A $7,100. 3. Debit postings to work in process were direct materials $62,400, direct labor $50,000, and manufacturing overhead applied $40,000. XLS 4. Sales revenue totaled $215,000. Instructions Total cost incurred (a) Prepare a condensed cost of goods manufactured schedule. (b) Prepare an income statement for May through gross profit. . Sale revenue - COGs. (c) Indicate the balance sheet presentation of the manufacturing inventories at May 31, 2017. E2-10 Tierney Company begins operations on April 1. Information from job cost sheets Comput shows the following. finished sheets. Manufacturing Costs Assigned (LO 2, Job Month Number April May June Completed 10 $5,200 $4,400 May 11 4,100 3,900 $2,000 June 12 1,200 April 13 4,700 4,500 June 14 5,900 3,600 Not complete Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were con