DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY Mar. 31 Work in Process 7,200.00 Factory Overhead 6,192.00 Materials 10,700.00 + Mar. 31 * Work in Process 54,900.00 15 Factory Overhead 13,200.00 6 Wages Payable 68,100.00 Mar. 31 Work in Process 35,685.00 Factory Overhead 35,685.00 9 Mar. 31 Finished Goods 73,090.00 10 Work in Process 73,090.00Collegiate Publishing Inc. began printing operations on March 1. Jobs 301 and 302 were completed during the mo and all costs applicable to them were recorded on the related cost sheets. Jobs 303 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 cost sheets In addition to the materi s and labor charged directly to the jobs, $7,800 of indirect materials and $11,100 of indirect labor were used during the month, The cost sheets for the touriohs entering production during the month are as follows, in summary form Jul: 301 Job 302 Direct materials $10100 Direct materials $13,400 Direct labor 7200 Direct labor 16,400 Factory overhead 6.192 Factory overhead 14,104 Total $249092 Total $48,904 Job 303 Job 304 Direct materials $25900 Direct materials $15,900 Direct labor 19,500 Direct labor 1 0 Factory overhead 7 Factory overhead