Question 3 of 4 -/ Sandhill 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 $ 188,160, and factory wages incurred $ 85,950. Materials requisitioned and factory labor used by job: 2. Job Number Materials Factory Labor A20 $ 34,490 $ 18,000 A21 42,080 21,560 A22 35,360 14.700 A23 38,530 24.500 General factory use 4,390 7.190 $ 154,850 $ 85,950 3. Manufacturing overhead costs incurred on account $ 48,510. (Hint: Use Accounts Payable.) 4. 5. Depreciation on factory equipment $ 14,250. Depreciation on the company's office building was $ 14,050. Manufacturing overhead rate is 90% of direct labor cost. Jobs completed during the quarter: A20, A21, and A23. 6. 7. Prepare a schedule showing the individual cost elements and total cost for each job in item 7. Direct Materials Job Direct Labor Manufacturing Overhead A20 $ 34.490 $ 18,000 $ 16,200 A21 42,080 21,560 19,404 Question 3 of 4 - /25 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 Debit Credit (1) Raw Materials Inventory 188,160 Accounts Payable 188,160 (To record materials purchases) Factory Labor 85.950 Payroll Liabilities 85.950 (To record factory wages) (2) Work in Process Inventory Manufacturing Overhead (To record materials put into production) Work in Process Inventory 1 Manufacturing Overhead Manufacturing Overhead Factory Labor (To record labor put into production) ) Manufacturing Overhead Accounts Payable 4) Manufacturing Overhead Accumulated Depreciation Buildings (5) Depreciation Expense Manufacturing Overhead Accumulated Depreciation Buildings I Accumulated Depreciation-Buildings -) Depreciation Expense Accumulated Depreciation-Buildings 6) Work in Process Inventory Manufacturing Overhead (7) Finished Goods Inventory Work in Process Inventory List of Account