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.

* 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

anthougo anthougo · Answer 2 · 2025-03-25T13:14:14-04:00

The journal entries to record the operations of Enos Printing Corp., which uses the job order costing system, is as follows:

Journal Entries:

Debit Raw materials $197,900

Credit Accounts Payable $197,900

Debit Direct labor $85,500

Debit Manufacturing overhead $7,600

Credit Wages Payable $93,100

Debit Work in Process $161,830

Debit Manufacturing overhead $5,270

Credit Raw materials $167,100

Debit Work in Process $85,500

Credit Direct labor $85,500

Debit Manufacturing overhead $53,000

Credit Overhead Payable $53,000

Debit Manufacturing overhead $17,150

Credit Depreciation on factory equipment $17,150

Debit Work in Process $70,965

Credit Manufacturing Overhead Applied $70,965

($85,500 x 83%)

Debit Finished jobs inventory $251,747

Credit Work in Process $251,747

Data Analysis and Calculations:

Raw materials $197,900 Accounts Payable $197,900

Direct labor $85,500 Manufacturing overhead $7,600 Wages Payable $93,100

Work in Process $161,830 Manufacturing overhead $5,270 Raw materials $167,100

Work in Process $85,500 Direct labor $85,500

Manufacturing overhead $53,000 Overhead Payable $53,000

Manufacturing overhead $17,150 Depreciation on factory equipment $17,150

Work in Process $70,965 Manufacturing Overhead Applied $70,965 ($85,500 x 83%)

Finished jobs inventory $251,747 Work in Process $251,747

Job Sheet:

Job Number Materials Factory Labor Overhead Total Costs

A20 $37,740 $19,200 $15,936 $72,876

A21 44,320 23,600 19,588 87,508

A22 38,000 15,600 12,948 66,548

A23 41,770 27,100 22,493 91,363

General factory use 5,270 7,600 12,870

Total $167,100 $93,100 $70,965 $331,165

Jobs Completed Schedule:

A20 $37,740 $19,200 $15,936 $72,876

A21 44,320 23,600 19,588 87,508

A23 41,770 27,100 22,493 91,363

Total cost of jobs completed $251,747

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