Materials purchased on account $192,000, and factory wages incurred

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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 answer192,000

Entry field with correct answer

  

Entry field with correct answer Accounts   Payable

Entry field with correct answer

Entry field with correct answer192,000

  

(To record materials purchases)

  

Entry field with correct answer Factory Labor

Entry field with correct answer87,300

Entry field with correct answer

  

Entry field with correct answer Factory Wages   Payable

Entry field with correct answer

Entry field with correct answer87,300

  

(To record factory wages)

 

(2)

Entry field with correct answer Work in   Process Inventory

Entry field with correct answer153,530

Entry field with correct answer

  

Entry field with correct answer Manufacturing   Overhead

Entry field with correct answer4,470

Entry field with correct answer

  

Entry field with correct answer Raw Materials   Inventory

Entry field with correct answer

Entry field with correct answer158,000

  

(To record materials put into production)

  

Entry field with correct answer Work in   Process Inventory

Entry field with correct answer80,000

Entry field with correct answer

  

Entry field with correct answer Manufacturing   Overhead

Entry field with correct answer7,300

Entry field with correct answer

  

Entry field with correct answer Factory Labor

Entry field with correct answer

Entry field with correct answer87,300

  

(To record labor put into production)

 

(3)

Entry field with correct answer Manufacturing   Overhead

Entry field with correct answer49,500

Entry field with correct answer

  

Entry field with correct answer Accounts   Payable

Entry field with correct answer

Entry field with correct answer49,500

 

(4)

Entry field with correct answer Manufacturing   Overhead

Entry field with correct answer14,550

Entry field with correct answer

  

Entry field with correct answer Accumulated   Depreciation-Equipment

Entry field with correct answer

Entry field with correct answer14,550

 

(5)

Entry field with correct answer Depreciation   Expense

Entry field with correct answer14,300

Entry field with correct answer

  

Entry field with correct answer Accumulated Depreciation-Buildings

Entry field with correct answer

Entry field with correct answer14,300

 

(6)

Entry field with correct answer Work in   Process Inventory

Entry field with incorrect answer now contains modified data72,000

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 data72,000

 

(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