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Sunland Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production. Sunland Printing Corp. uses
Sunland Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter's production.
Sunland 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 $197,000, and factory wages incurred $93,200. 2. Materials requisitioned and factory labor used by lob: 3. Manufacturing overhead costs incurfed on account $49,800. 4. Depreciation on factory equipment $16,650 5. Depreciation on the company/s offce bullding was $14,400. 6. Marnfacturing overhead rate is 88% 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 entries to record the operations summarized above, (Credit account titler orr automaticaly indented when amount is entered, Do not indent manualins) Prepare entries to record the operations summarized above. CCredit account titles are automatically indented when amount bentered. Do not intant manesalhit Step by Step Solution
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