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Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:E2.8 : Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the
first quarter's production.
• Prepare entries for manufacturing and non manufacturing costs.
1. Materials purchased on account $192,000, and factory wages incurred S87,30o.
2. Materials requisitioned and factory labor used by job:
Job Number
Materials
Factory Labor
A20
$35,240
$18,000
A21
$42,920
$22,000
A22
$36,100
$15,000
A23
$39,270
$25,000
Gereral Factory use
$4470
$7,300
$158,000
$87,300
1. Manufacturing overhead costs incurred on account $49,500.
2. Depreciation on factory equipment $14,550.
3. Deprecation on the company office's builcing was $14,300
4. Manufacturing overhead rate is 90% of direct labor cost.
5. Jobs completed during the quarter: A20,421 & A23.
Instructions:
Prepare entries to record the operations summarized above. Prepare a schedule showirg the individual cost elements and
total cost for each job in item 7.
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