I need the answer as soon as possible Enos Printing Corp.uses a job order cost system. The following data summarize the operations related to the first quarter'sproduction.1.Materials purchased on account $196,700, and factory wages incurred $94,100.2.Materials requisitioned and factory labor used by job:Job NumberMaterialsFactory LaborA20$37,040$19,800A2145,02022,600A2237,80016,500A2341,37027,100General factory use5,0708,100$166,300$94,1003.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.6.Manufacturing overhead rate is 86% of direct labor cost.7.Jobs completed during the quarter: A20, A21, and A23.Prepare a schedule showing the individual cost elements and total cost for each job in item 7.DirectDirectManufacturingJobMaterialsLaborOverheadTotalA20%2437.040%2419.80017,028%2473,868A2145,0222.60016,50027.10A2317,02819,43614.19023,30691,776Prepare entries to record the operations summarized above. (Credit account titles are automatically indented when amount is entered. Donot indent manually.)

The question is based on the concept of Cost Accounting.

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

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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