Exercise 15-08

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Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarters production.

1.		Materials purchased on account $194,000, and factory wages incurred $92,400.
2.		Materials requisitioned and factory labor used by job:

Job Number		Materials		Factory Labor
A20		$36,840		$18,700
A21		44,520		22,900
A22		36,600		15,700
A23		40,870		26,900
General factory use		4,870		8,200
		$163,700		$92,400

3.		Manufacturing overhead costs incurred on account $52,100.
4.		Depreciation on factory equipment $17,550.
5.		Depreciation on the companys office building was $14,400.
6.		Manufacturing overhead rate is 80% 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.

Job		Direct Materials		Direct Labor		Manufacturing Overhead		Total
A20		$		$		$		$
A21
A23
								$

Prepare entries to record the operations summarized above. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.	Account Titles and Explanation	Debit	Credit
(1)
	(To record materials purchases)
	(To record factory wages)
(2)
	(To record materials