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Oriole 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

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Oriole 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 $168,960, and factory wages incurred $77,000. 2. Materials requisitioned and factory labor used by job: 3. Manufacturing overhead costs incurred on account $43,560. (Hint: Use Accounts Payable.) 4. Depreciation on factory equipment $12,800. 5. Depreciation on the company's office buliding was $12,600, 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. Prepare a schedule showing the individual cost elements and total cost for each job in item 7. Prepare entries to record the operations summarized above. (List all debit entries before credit entries Credit account titles are automatically indented when omount is entere 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) (To record labor put into production) (3) (4) (5) (6) (7)

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