Concept explainers
Enos Printing Corp. uses a
Prepare cntries for manufacturing and nonmanufacturing costs. (LO 1, 2, 3, 4), AP
1. Materials purchased on account $192,000, and factory wages incurred $87,300.
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 |
General factory use | 4.470 | 7,300 |
$158,000 | $87,300 |
3.
4.
5. Depreciation on the company’s office building was $14,300.
6. Manufacturing overhead rate is 90% of direct labor cost.
7. Jobs completed during the quarter A20, A21. and A23.
Instructions
Prepare entries to record the operations summarized above (Prepare a schedule showing the individual cost elements and total cost for each job in item 7.)
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