Question

Exercise 15-08 Your answer is partially correct. Try again. Enos Printing Corp. uses a job order cost system. The following d
J AVO FULL SCREEN PRINTER VERSION BACK NEX Direct Materials Direct Labor Manufacturing Total AZO 37,9 56,040 41,470 1 26,600
(To record factory wages) (2) Manufacturing Overhead Work in Process Inventory (To record materials put into production) Manu
2 (4) Manufacturing Overhead Accounts Payable (5) Manufacturing Overhead Accumulated Depreciation-Equipment (6) Work in Proce
0 0
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Answer #1

Job

Direct Materials

Direct Labor

Manufacturing Overhead

Total

A20

$37940

$18100

($18100 * 87%)

=$15747

$71787

A21

$44220

$24100

($24100 * 87%)

=$20967

$89287

A23

$41470

$26600

($26600 * 87%)

=$23142

$91212

$252286

No.

Account Titles & Explanations

Debit

Credit

(1)

Raw Materials Inventory

$197600

Accounts Payable

$197600

(To record materials purchased)

Factory Labor

$92500

Factory Wages Payable

$92500

(To record factory wages)

(2)

Work in Process Inventory

$160830

Manufacturing Overhead

$5270

Raw Materials Inventory

$166100

(To record materials put into production)

Work in Process Inventory

$85100

Manufacturing Overhead

$7400

Factory Labor

$92500

(To record labor put into production.)

(3)

Manufacturing Overhead

$50500

Accounts Payable

$50500

(4)

Manufacturing Overhead

$16650

Accumulated Depreciation--Equipment

$16650

(5)

Work in Process Inventory ($85100 * 87%)

$74037

Manufacturing Overhead

$74037

(6)

Finished Costs Inventory

$252286

Work in Process Inventory

$252286

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