Question

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 $194,800, and factory wages incurred $91,400 2. Materials requisitioned and factory labor used by job: Job Number A20 A21 A22 A23 General factory use Materials $36,740 45,220 37,600 40,370 4,670 $164.500 Factory Labor $18,100 22,500 16,200 26,200 8,400 $91,100 3. Manufacturing overhead costs incurred on account $51,900. 4. Depreciation on factory equipment $17,350. 5. Depreciation on the company's office building was $14,400. 6. Manufacturing overhead rate is 89% of direct labor cost. 7. Jobs completed during the quarter: A2D, A21, and A23 Prepare a schedule showing the individual cost elements and total cost for each job in item 7. Job Direct Materials Direct Labor Manufacturing Overhead A20 . A21 A23 Prepare entries to record the operations summarized above. (Credit account titles are automatically indented when amount is entered. Dor No Account Titles and Explanation Debit Credit

Answer 1

schedule showing Individual Cost item
Job	Direct Material	Direct Labor	Overhead ( 89% * DL Cost)	.Total
A20	$36,740.00	$18,100.00	$16,109.00	$70,949.00
A21	$45,220.00	$22,500.00	$20,025.00	$87,745.00
A23	$40,370.00	$26,200.00	$23,318.00	$89,888.00
Total				$248,582.00

General Journal- Enos Printing Company
S. No.	Account Titles and Explanation	Debit	Credit
1	Raw Materials Inventory	$194,800.00
	Accounts Payable		$194,800.00
	TO Record purchase of Material
	Factory Labor	$91,400.00
	Factory Wages Payable		$91,400.00
	TO Record Wages Expense
2	WIP Inventory	$159,930.00
	Manufacturing Overhead	$4,670.00
	Raw Materials Inventory		$164,600.00
	To Record material trf to production Department
	WIP Inventory	$83,000.00
	Manufacturing Overhead	$8,400.00
	Factory Labor		$91,400.00
	To Record Wages Cost trf to production Department
3	Manufacturing Overhead	$51,900.00
	Accounts Payable		$51,900.00
	TO Record Overhead Incurred
4	Manufacturing Overhead	$17,350.00
	Accumulated Depreciation-Equipment		$17,350.00
	TO Record Depreciation Expense on Equipment
5	Depreciation Expense	$14,400.00
	Accumulated Depreciation-Buildings		$14,400.00
	TO Record Depreciation Expense on Building
6	Work In Process Inventory (83000*89%)	$73,870.00
	Manufacturing Overhead		$73,870.00
	To Record Applied Manufacturing Overhead
7	Finished Goods Inventory	$248,582.00
	Work In Process Inventory		$248,582.00

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