\"Exercise 16-8 Your answer is partially correct. Try again. Enos Printing Corp.

Question

"Exercise 16-8 Your answer is partially correct. Try again. 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 $197,900, and factory wages incurred $93,100. 2. Materials requisitioned and factory labor used by job: A20 A21 $37,740 44,320 38,000 41,770 $19,200 15,600 27,100 7,600 $93,100 General factory use $167,100 3. Manufacturing overhead costs incurred on account $53,000. 4. Depreciation on factory equipment $17,150 5. Depreciation on the company's office building was $14,800. 6. Manufacturing overhead rate is 83% 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 entered. Do not indent manually.) No. Account Titles and Explanation To record materials purchases) 0 To record factory wages) 2) Work in Process Invento To record materials put into production) (To record labor put into production) 715 0 Accumulated Depreclation-Buldings o9 Guork In Preces nestor 0 49444

Explanation / Answer

Job A20 Job A21 Job A23 Total Direct materials 37740 19200 15936 Direct labor 44320 23600 19588 Overhead 41770 27100 22493 Total 123830 69900 58017 251747 7 Finished goods inventory 251747        Work in Process inventory 251747

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