Job Order Costing

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. manufacturing overhead costs incurred on account $49,500
4. Depreciation on Factory equipment $14,550.
5. Depreciation on the company's office building was $14,300.
6. Manufacturing overhead rate is 90% of direct labor costs.
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.).

Solution

Enos Printing Corp.
Journal entries