Exercise 2-8

Exercise 2-8 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 $196,700, and factory wages incurred $94,100 2. Materials requisitioned and factory labor used by job: Job Number A20 A21 A22 A23 General factory use Materials Factory Labor $37,040 45,020 37,800 41,370 5,070 $166,300 $19,800 22,600 16,500 27,100 8,100 $94,100 3. Manufacturing overhead costs incurred on account $51,600 4. Depreciation on factory equipment $15,850 5. Depreciation on the company's office building was $14,300 6. Manufacturing overhead rate is 86% of direct labor cost 7. Jobs completed during the quarter: A20, A21, and A23 Prepare entries to record the operations summarized above. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)