Wildhorse 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 $234,240, and factory wages incurred $107,430. Materials requisitioned and factory labor used by job: 2 Job Number Materials Factory Labor $22,800 A20 $42,890 A21 52,400 26,840 A22 44,000 18,300 A23 48,010 30.500 General factory use 5.470 8.990 $192.770 $107.430 - Manufacturing overhead costs incurred on account $60,390. (Hint: Use Accounts Payable.) Depreciation on factory equipment $17.730. Depreciation on the company's office building was $17,530. Manufacturing overhead rate is 90% of direct labor cost. Jobs completed during the quarter: A20, A21, and A23. Epare a schedule showing the individual cost elements and total cost for each job in item 7. Direct Materials Direct Labor Manufacturing Overhead Total 42890 22800 20520 $ 86210 52400 26840 24156 103396 44000 18300 16470 78770 268376 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 Accounts Payable (To record materials purchases) (To record factory wages) (2) () -> 15 !! (To record factory wages) (2) (To record materials put into production) (To record labor put into production) (3) (4) . (3) ) (4) (S) () (7)