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CALCULATOR FULL SCREEN PRINTER ES Exercise 2A-8 Sheridan 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 $93,000. 2. Materials requisitioned and factory labor used by job: dy Job Number A20 A21 A22 A23 General factory use Materials $36,640 44,920 37,300 41,770 5,270 $165,900 Factory Labor $18,400 23,200 16,900 26,200 8,300 $93,000 3. Manufacturing overhead costs incurred on account $54,000. 4. Depreciation on factory equipment $17,250. 5. Manufacturing overhead rate is 81% of direct labor cost. 6. Jobs completed during the quarter: A20, A21, and A23. Record the operations summarized above. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e. ES Record the operations summarized above. (Enter negative amounts using either a negative sign preceding the number 6.g. -45 or parentheses 0.9 (45).) Work in Process Finished Goods Cost of Goods Manufacturing Costs Inventory Inventory Sold Raw Materials Factory Manufacturing Inventory Labor Overhead 1. Purchased raw materials 1. Incurred factory labor 2. Direct materias 2. Indirect materials 2. Direct labor 2. Indirect labor 3. Incurred overhead costs 4 Factory depredation 5. Assigned overhead 6. Completed as Prepare a schedule showing the vdividual cost elements and total cost for each job in item 6

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