Question: 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
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: Job Number Materials Factory 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. (Hint: Use Accounts Payable.) 4. Depreciation on factory equipment $14,550. 5. Depreciation on the company's office building was $14,300. 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 ob Direct Materials Direct Labor Manufacturing Overhead https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=2a1a7d3a-372e-49ec-aacc-6a2cfc78db91#/question/1 2/2/24, 12:53 PM Homework Chapter 2 Question 2 of 4 A23 Question 2 of 4 - Homework Chapter 2 -/3 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 (1) (To record materials purchases) (2) (To record factory wages) (To record materials put into production) Debit C 1/3
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