Enos 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 $192,000, and factory wages incurred $87,300.
2. Materials requisitioned and factory labor used by job:
|
| Factory | |
| Job Number | Materials | Labor |
| A20 | $ 35,240 | $18,000 |
| A21 | 42,920 | 22,000 |
| A22 | 36,100 | 15,000 |
| A23 | 39,270 | 25,000 |
| General factory use | 4,470 | 7,300 |
| $158,000 | $87,300 |
3. Manufacturing overhead costs incurred on account $49,500.
4. Depreciation on equipment $14,550.
5. Manufacturing overhead rate is 90% of direct labor cost.
6. Jobs completed during the quarter: A20, A21, and A23.
Instructions
Prepare entries to record the operations summarized above. (Prepare a schedule showing the individual cost elements and total cost for each job in item 6.)
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