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 $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 cost.
7.
Jobs completed during the quarter: A20, A21, and A23.
Prepare entries to record the operations summarized above. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
No.
Account Titles and Explanation
Debit
Credit
(1)
Entry field with correct answer
Raw Materials Inventory
Entry field with correct answer
192,000
Entry field with correct answer
Entry field with correct answer
Accounts Payable
Entry field with correct answer
Entry field with correct answer
192,000
(To record materials purchases)
Entry field with correct answer
Factory Labor
Entry field with correct answer
87,300
Entry field with correct answer
Entry field with correct answer
Factory Wages Payable
Entry field with correct answer
Entry field with correct answer
87,300
(To record factory wages)
(2)
Entry field with correct answer
Work in Process Inventory
Entry field with correct answer
153,530
Entry field with correct answer
Entry field with correct answer
Manufacturing Overhead
Entry field with correct answer
4,470
Entry field with correct answer
Entry field with correct answer
Raw Materials Inventory
Entry field with correct answer
Entry field with correct answer
158,000
(To record materials put into production)
Entry field with correct answer
Work in Process Inventory
Entry field with correct answer
80,000
Entry field with correct answer
Entry field with correct answer
Manufacturing Overhead
Entry field with correct answer
7,300
Entry field with correct answer
Entry field with correct answer
Factory Labor
Entry field with correct answer
Entry field with correct answer
87,300
(To record labor put into production)
(3)
Entry field with correct answer
Manufacturing Overhead
Entry field with correct answer
49,500
Entry field with correct answer
Entry field with correct answer
Accounts Payable
Entry field with correct answer
Entry field with correct answer
49,500
(4)
Entry field with correct answer
Manufacturing Overhead
Entry field with correct answer
14,550
Entry field with correct answer
Entry field with correct answer
Accumulated Depreciation-Equipment
Entry field with correct answer
Entry field with correct answer
14,550
(5)
Entry field with correct answer
Depreciation Expense
Entry field with correct answer
14,300
Entry field with correct answer
Entry field with correct answer
Accumulated Depreciation-Buildings
Entry field with correct answer
Entry field with correct answer
14,300
(6)
Entry field with correct answer
Work in Process Inventory
Entry field with incorrect answer now contains modified data
72,000
Entry field with correct answer
Entry field with correct answer
Manufacturing Overhead
Entry field with correct answer
Entry field with incorrect answer now contains modified data
72,000
(7)
Entry field with correct answer
Finished Goods Inventory
Entry field with incorrect answer
Entry field with correct answer
Entry field with correct answer
Work in Process Inventory
Entry field with correct answer
Entry field with incorrect answer