Ivanhoe 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 $207,360, and factory wages incurred $94,900. 2. Materials requisitioned and factory labor used by job: Job Number Materials Factory Labor A20 $37.990 $20,000 A21 46,380 23,760 A22 38,960 16,200 A23 42,480 27,000 General factory use 4,840 7,940 $170,650 $94,900 3. Manufacturing overhead costs incurred on account $53,460. (Hint: Use Accounts Payable.) 4. Depreciation on factory equipment $15,700. 5. Depreciation on the company's office building was $15,500. 9 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. Job Direct Materials Direct Labor A20 $ $ A21 A23 Manufacturing Overhead 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.) No. Account Titles and Explanation (1) (To record materials purchases) Debit Credit (2) (To record factory wages) (To record materials put into production) (3) (To record labor put into production) (4) (4)