Graded Homework

Garnett 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 $39,500.

4. Depreciation on machinery and equipment $14,550.

5. Manufacturing overhead rate is 80% of direct labor cost.

6. Jobs completed during the quarter: A20, A21, and A23.

Instructions

Prepare entries to record the operations summarized above. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)