Enos Printing Corp. uses a job order cost system. The following data summarize the operations...
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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. Materials requisitioned and factory labor used by job: 2. 3. 4. 5. Job Number 6. A20 General factory use A21 A22 A23 Materials $35,240 42,920 36,100 39,270 4,470 $158,000 Factory Labor $18,000 22,000 15,000 25,000 7,300 $87,300 Manufacturing overhead costs incurred on account $49,500. Depreciation on factory equipment $14,550. Manufacturing overhead rate is 90% of direct labor cost. Jobs completed during the quarter: A20, A21, and A23.
Work in Process Inventory Finished Goods Inventory Cost of Goods Sold Manufacturing Overhead $ $$ 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: 3. Manufacturing overhead costs incurred on account $49,500. 4. Depreciation on factory equipment $14,550. 5. Manufacturing overhead rate is 90% of direct labor cost. 6. Jobs completed during the quarter: A20,A21, and A23. 1. Purchased raw materia 2. Direct materials 2. Indirect materials 2. Direct labor 2. Indirectlabor 3. Incurred overhead costs 4. Factory depreciation 5. Assigned overhead 6. Completedjobs Prepare a schedule showing the individual cost components and total cost for each job in item 6
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. Materials requisitioned and factory labor used by job: 2. 3. 4. 5. Job Number 6. A20 General factory use A21 A22 A23 Materials $35,240 42,920 36,100 39,270 4,470 $158,000 Factory Labor $18,000 22,000 15,000 25,000 7,300 $87,300 Manufacturing overhead costs incurred on account $49,500. Depreciation on factory equipment $14,550. Manufacturing overhead rate is 90% of direct labor cost. Jobs completed during the quarter: A20, A21, and A23.




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