Colegiate Publling Inc began printing operations on March 1 Jobs 201 and 302 were completed during the month, and all costs applicable to them were recorded on the winted cost sheets. Jos 300 and 304 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related contents. In addition to the material end Inbor charged directly to the jobs. 58,400 of indirect materials and $13.700 of indirect who were used during the month. The cost sheets for the four jobs entering production during the month are as follows. In summary form ALGO BKSHEETAL... Job 301 Job 302 Direct materiale $10.100 Direct materiale $10.000 Director 8.500 Director 16,200 KSHEETAL Factory Overhead 5,450 Factory overhead 11,40 Total 324,560 Total 546,540 Job 303 Job 104 Dreck materials 323.700 Direct mars 112,700 Director 16.300 Direct labor 11,600 Factory whead Factory ovet Required umat the Mar a su recorter March forwary weather for at creat word of the account CMOWdno se uma powinna um pagea edo erred Dorot reparation or paine bouwwe NOW to watatoa wa canly when wenta #O Det andre Oh My Wor Previous Next CHART OF ACCOUNTS Collegiate Publishing Inc. General Ladiger ASSETS 110 Cash REVENUE 410 Sales 610 Wrest Revenue 121 Accounts Receivable 125 Notes Receivable 126 rest Receivable 131 Maleras 132 Work in Process 133 Factory Overhead 134 Finished Goods 141 142 Prepaid insurance 143 Prepaid Expenses 18 Land 101 Factory 192 Accumulated Depreciation Factory EXPENSES 510 Cost of Goods Sold $20 Wages Exporte 531 Seling Expenses 532 Insurance Expense 533 Uispanse 5 Office Supplies Expense 540 Administrative Expenses 560 Depreciation perse Factory 500 Miscellaneous pense 710 interest Expert LIABILITIES 210 Accounts Payable 221 Utines Payable 231 Notes Payable 236 Interest Payable Check My Work Previous Next > All work saved Email Instructor Save and Exit Submit Assignment for Grading ebook 231 Notes Payable 236 Interest Payable 241 Losse Payable 251 War Payable 252 Constant Fees Payable EQUITY 311 Common Stock 340 Retained Earrings 351 Dividends 300 Income Summary Journal Jumaltre me Mar. 37 sumayantries to record each of the follow operations for March one anty cich poration. Refer to the chart of accounts for the exact wording of the accounts CNOW umals do not use lines for poor joumal explanation very ine on a journal PM used for cobrar creat entries. Do not add explanations or skip a ine between omal arbres ONOWjournals will automatically indesa credit when acred amount is ered Direct and indirect materiale Direct and color and e Factory overhead led to all our job fa shyle overhead rate used based on direct labor costi Completion of Job 301 and 30 Previous Next > Ouck My Work pago is used for debit or credit evitros. Do not suid explanation er skip a line between foumal entries. CNOW journals will automatically indenta credit entry when a credit amount is stered Direct and indirect materials used Direct and indirect laborused. c. Factory overhead applied to all fourjobs a single overhead rate is used based on direct labor cost) d. Completion of Jets 301 and 302. ALGO SHEETAL... PAGE 10 KSHEET.AL... JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POSTER BERIT CENT ASSETS SUITS TOUT 1 1 1 1 1 56 am Check My Work Previous Next > Score 66.67 All work saved Email Save and Submit Asent for Grading
