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Collegiate Publishing Inc. began printing operations on March 1 . Jobs 3 0 1 and 3 0 2 were completed during the month, and all
Collegiate Publishing Inc. began printing operations on March
Jobs
and
were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs
and
are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $
of indirect materials and $
of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form:
Job
Job
Direct materials $
Direct materials $
Direct labor
Direct labor
Factory overhead
Factory overhead
Total $
Total $
Job
Job
Direct materials $
Direct materials $
Direct labor
Direct labor
Factory overhead
Factory overhead
Required:
Journalize the Mar.
summary entries to record each of the following operations for March
one entry for each operation
Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
a
Direct and indirect materials used.
b
Direct and indirect labor used.
c
Factory overhead applied to all four jobs
a single overhead rate is used based on direct labor cost
d
Completion of Jobs
and
Instructions
chint of Accourits
I Journal
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