View Policies Current Attempt in Progress Crane 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 $199,680, and factory wages incurred $91,320. Materials requisitioned and factory labor used by job: 2. Job Number Materials Factory Labor A20 $36,590 $19,200 A21 44,660 22,880 A22 37,520 15,600 A23 40,900 26,000 General factory use 4,660 7,640 $164,330 $91,320 3. Manufacturing overhead costs incurred on account $51,480. (Hint: Use Accounts Payable.) 4. 5. Depreciation on factory equipment $15,120. Depreciation on the company's office building was $14,920. Manufacturing overhead rate is 90% of direct labor cost. 6. 7. Jobs completed during the quarter: A20, A21, and A23. No. Account Titles and Explanation Debit Credit (1) Raw Materials Inventory 199680 Accounts Payable 199680 (To record materials purchases) Factory Labor 91320 Factory Wages Payable 91320 (To record factory wages) (2) Work in Process Inventory Manufacturing Overhead Raw Materials Inventory (To record materials put into production) Work in Process Inventory Manufacturing Overhead (To record materials put into production) Work in Process Inventory Manufacturing Overhead Factory Labor (To record labor put into production) (3) Manufacturing Overhead Accounts Payable (4) Manufacturing Overhead Accumulated Depreciation-Equipment (5) Manufacturing Overhead Accumulated Depreciation-Buildings (6) Work in Process Inventory Manufacturing Overhead (7) Finished Goods Inventory Work in Process Inventory