Question #4 s East Van Printing Corp. uses a job order cost system. The following...
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Question #4 s East Van 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 Material Factory Labor A2O $ $18,000 35,240 A21 42,920 22,000 A22 36,100 15,000 A23 39,270 25,000 General factory 4,470 7,300 MOH $ 158,00 $87,300 0 3. Manufacturing overhead costs incurred on account $49,500. 4. Depreciation on factory equipment $14,550. 5. Manufacturing overhead is applied to jobs at 70% of the direct labour costs. 6. Jobs completed during the quarter: A20, A21, and A23. Required: Calculate the cost of each completed job and the total of completed jobs that will be moved from Work-In-Progres to Finished Goods
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