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 $197,900, and factory wages incurred $93,100. 2. Materials requisitioned and factory labor used by job: Job Number Materials Factory Labor A20 $37,740 $19,200 A21 44,320 23,600 A22 38,000 15,600 A23 4.1,770 27,100 General factory use 5,270 7,600 167,100 $93,100 3. Manufacturing overhead costs incurred on account $53,000. 4. Depreciation on factory equipment $17,150. 5. Depreciation on the company’s office building was $14,800. 6. Manufacturing overhead rate is 83% of direct labor cost. 7. Jobs completed during the quarter: A20, A21, and A23.Prepare entries to record the operations summarized above.

raw materials    197900

accounts payable  197900

WIP  161830

factory overhead  5270

raw materials  167100

WIP  85500

factory overhead  7600

wages payables  93100

factory overhead  53000

accounts payable  53000

factory overhead  17150

acc. Dep-equipment  17150

dep expense*  14800

acc. Dep- Off Building  14800

WIP**  70965

factory overhead  70965

Finished Goods***  251747

WIP inventory  251747

Explanation:

* as the building is not related to the manufacturing process we cannot capitalized through inventory We will record as cost ofo the period therefore, depreciation expense

** the aplied overhead will be the amount of direct labor added during the period time 83%

85,500 x 83% = 85,500 * 0.83 = 70,965

*** we will have to add up the jobs cost to detemrinate how much of the work in process inventory becomes finished good

Job  Materials // Labor // Overhead

A20 $  37,740  $  19,200 + 19,200 x 0.83

A21  $ 44,320  $ 23,600 + 23,600 x 0.83

A23 $  41,770   $  27,100  + 27,100 x 0.83

Total 251,747

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