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 $196,700, and factory
wages incurred $94,100. 2. Materials requisitioned and factory
labor used by job: Job Number Materials Factory Labor A20 $37,040
$19,800 A21 45,020 22,600 A22 37,800 16,500 A23 41,370 27,100
General factory use 5,070 8,100 $166,300 $94,100 3. Manufacturing
overhead costs incurred on account $51,600. 4. Depreciation on
factory equipment $15,850. 5. Depreciation on the company’s office
building was $14,300. 6. Manufacturing overhead rate is 86% of
direct labor cost. 7. Jobs completed during the quarter: A20, A21,
and A23.
Prepare entries to record the operations summarized above.
Date::::::::::::Particulars::::::::::::::::::::::::::::::::::::::::::::::LF:::::::::::::::::Debit:::::::::::::::::Credit
1a)::::::::::::::::Raw materials Inventory Dr A/c::::::::::::::N/A::::::::::::$196,700
To Accounts payable A/c ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::$196,700
(Being Raw materials Inventory purchased on account has recorded)
b):::::::::::::::::::Factory labor A/c DR::::::::::::::::::::::::N/A:::::::::::::::::::$94,100
To wages payable A/c :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::$94,100
(Being wages payable has recorded)
_____________________________________________________________________________
2):::::::::::::::::::Working in process inventory A/c DR:::::::::::::::::N/A::::::::::::$161,230
Manufacturing Overhead A/c Dr:::::::::::::::::::::::::N/A::::::::::::$5,070
To Factory labor A/c ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::$166,300
::::::::::::::::Working in process inventory A/c DR:::::::::::::::::N/A::::::::::::$86,000
Manufacturing Overhead A/c Dr:::::::::::::::::::::::::N/A::::::::::$8,100
To Factory labor A/c ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::$94,100
(Being Materials requisitioned and factory labor used has recorded)
$37,040 + 45,020 + 37,800 + 41,370 =$161,230
$161,230+5,070=$166,300
$19,800 + 22,600+ 16,500+ 27,100=$86,000+ 8,100=$94,100
$86,000+ 8,100=$94,100
__________________________________________________________________________
3):::::::::::::: Manufacturing overhead A/c DR::::::::::::::::::::N/A:::::::::::: $51,600
To wages payable A/c :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: $51,600
(Being Manufacturing overhead has recorded)
__________________________________________________________________________
4):::::::::::::::::::::Manufacturing overhead A/c Dr:::::::::::::::N/A::::::::::::::::::$15,850
To Accumulated Depreciation A/c :::::::::::::::::::::::::::::::::::::::::::::::::$15,850
(Being Depreciation on factory equipment provided has recorded)
_____________________________________________________________________________
5):::::::::::::::::::::Depreciation A/c Dr:::::::::::::::N/A::::::::::::::::::$14,300
To Accumulated Depreciation A/c :::::::::::::::::::::::::::::::::::::::::::::::::$14,300
(Being Depreciation on factory equipment provided has recorded)
__________________________________________________________________________________
6)::::::::::::::Working in process inventory A/c DR:::::::::::::::::N/A:::::::::::$73,960
To Manufacturing Overhead A/c::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::$73,960
:$86,000 * 86/100=$73,960
____________________________________________________________________________
7):::::::::::::::Finished Goods Inventory A/c Dr::::::::::::::::::::::N/A::::::::::$221,950
To work in Inventory A/c::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::$221,950
($123,430+$69,500+$15,850+$8,100+$5,070 =$221,950)
_____________________________________________________________________________
Enos Printing Corp. uses a job order cost system. The following data summarize the operations related...
Exercise 2-8 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 $196,700, and factory wages incurred $94,100. 2. Materials requisitioned and factory labor used by job: Job Number Materials Factory Labor A20 $37,040 $19,800 A21 45,020 22,600 A22 37,800 16,500 A23 41,370 27,100 General factory use 5,070 8,100 $166,300 $94,100 3. Manufacturing overhead costs incurred on account $51,600. 4. Depreciation on factory equipment...
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 $196,600, and factory wages incurred $94,100. 2. Materials requisitioned and factory labor used by job: Job Number Materials Factory Labor A20 $37,140 $19,700 A21 44,720 22,900 A22 36,500 16,900 A23 41,870 27,000 General factory use 4,770 7,600 $165,000 $94,100 3. Manufacturing overhead costs incurred on account $51,500. 4. Depreciation on factory equipment $16,150. 5....
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: Job Number Materials Factory Labor A20 $ 37,740 $ 19,200 A21 44,320 23,600 A22 38,000 15,600 A23 41,770 27,100 General factory use 5,270 $167,100 7,600 $93,100 3. Manufacturing overhead costs incurred on account $ 53,000. 4. Depreciation...
Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the hirst quarter production. 1. Materials purchased on account $196,100, and factory wages incurred $92,200. Materials requisitioned and factory labor used by job: 2. Job Number A20 A21 A22 Materials $36.940 44,720 37.800 41,170 4,570 $165,200 Factory Labor $19,900 22,200 15,900 26,400 7,800 $92,200 A23 General factory use 3. 4. 5. Manufacturing overhead costs incurred on account $50,100. Depreciation on factory equipment $16,550....
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 $ 197,000, and factory wages incurred $90,200. 2. Materials requisitioned and factory labor used by job: Job Number A20 A21 A22 A23 General factory use Materials $38,240 44,120 37,600 41,870 4,970 $166,800 Factory Labor $19,500 22,200 15,100 25,800 7,600 $90,200 3. Manufacturing overhead costs incurred on account $51,000. 4. Depreciation on factory equipment $16,850....
Exercise 15-08 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 $196,300, and factory wages incurred $94,100. 2. Materials requisitioned and factory labor used by job: Factory Labor Job Number A20 A21 A22 A23 General factory use Materials $36,540 44,220 38,100 42,070 5,170 $166,100 $19,500 23,300 16,800 26,600 7,900 $94,100 3. Manufacturing overhead costs incurred on account $52,700. 4. Depreciation on factory equipment...
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....
E15.8 Enos Printing Corp, uses a job order cost system. The following data summarize e 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: Job Number A20 A21 A22 A23 General factory use Materials s 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 3. Manufacturing overhead costs incurred on account $49,500. 4. Depreciation on factory equipment...
Exercise 15-08 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 $194,400, and factory wages incurred $90,400. 2. Materials requisitioned and factory labor used by job: Job Number Materials Factory Labor A20 $36,540 $18,100 A21 45,720 22,800 A22 36,800 15,800 A23 40,570 26,200 General factory use 4,870 7,500 $164,500 $90,400 3. Manufacturing overhead costs incurred on account $50,900. 4. Depreciation on factory equipment...
Enos Printing Corp.uses a job order cost system. The following data summarize the operations related to the first quarter's production 1 2. Materials purchased on account $195,400, and factory wages incurred $90,400. Materials requisitioned and factory labor used by job: Job Number A20 A21 A22 A23 General factory use Materials $37,540 44,720 36,900 42,170 4,870 $166,200 Factory Labor $18,300 23,500 15,100 25.100 8,400 $90,400 3. 4. 5. Manufacturing overhead costs incurred on account $50,900, Depreciation on factory equipment $17,050. Depreciation...