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Entries for Factory Costs and Jobs Completed

Collegiate 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 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, $4,500 of indirect materials and $8,200 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:

Line Item Description	Amount
Direct materials	$12,500
Direct labor	31,000
Factory overhead	7,750
Total	$51,250

Line Item Description	Amount
Direct materials	$18,750
Direct labor	42,200
Factory overhead	10,550
Total	$71,500

Line Item Description	Amount
Direct materials	$9,940
Direct labor	16,500
Factory overhead

Line Item Description	Amount
Direct materials	$14,310
Direct labor	17,100
Factory overhead

Journalize the summary entry to record each of the following operations for March (one entry for each operation):

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a. Direct and indirect materials used. If an amount box does not require an entry, leave it blank.

blank	Account	Debit	Credit
blank	Accounts PayableCashFactory ExpensesMaterialsWork in Process	- Select -	- Select -
	Accounts PayableAccounts ReceivableCashFactory OverheadMaterials	- Select -	- Select -
	Accounts PayableCashFactory OverheadMaterialsWork in Process	- Select -	- Select -

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b. Direct and indirect labor used. If an amount box does not require an entry, leave it blank.

blank	Account	Debit	Credit
blank	Accounts PayableCost of Goods SoldMaterialsWages PayableWork in Process	- Select -	- Select -
	Accounts PayableCashCost of Goods SoldFactory OverheadWages Payable	- Select -	- Select -
	Accounts PayableFactory OverheadMaterialsWages PayableWork in Process	- Select -	- Select -

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c. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost). If an amount box does not require an entry, leave it blank.

blank	Account	Debit	Credit
blank	Accounts PayableCashFactory OverheadMaterialsWork in Process	- Select -	- Select -
	Accounts PayableCashFactory OverheadMaterialsWork in Process	- Select -	- Select -

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d. Completion of Jobs 301 and 302. If an amount box does not require an entry, leave it blank.

blank	Account	Debit	Credit
blank	Accounts PayableCashFactory OverheadFinished GoodsWork in Process	- Select -	- Select -
	Accounts PayableCashFactory OverheadFinished GoodsWork in Process	- Select -	- Select -