Colleglate Publishing inc. began printing operations on March. 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are stil 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, $7,900 of indirect materials and $13,200 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: Required: Joumalize the Mar. 31 summary entries to record each of the following oporadons for Parch (ane entry for each oporation). a. Direct and indirect maferials used. b. Diect and indirect labor used. c. Factory overhead appled to all four jobs (a single overhead rate is used based an direct labor cost). d. Complesion of dobs 301 and 302. CHART OF ACCOUNTS Collegiate Publishing Inc. LIABILITIES 210 Accounts Payable 221 Utilities Payable 231 Notes Payable 236 Interest Payable 241 Lease Payable 251 Wages Payable 252 Consultant Fees Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends Journalize the Mar. 31 summary entries to record each of the following operations for March (one entry for each operation). 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 301 and 302 . All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback