Entrepreneurial Publishing Inc. began printing operations on January 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, $7,400 of indirect materials and $12,000 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 301 Direct materials $9,000 Direct labor 7,700 Factory overhead 5,467 Total $22,167 Job 302 Direct materials $21,100 Direct labor 16,800 Factory overhead 11,928 Total $49,828 Le Direct materials $21,100 Direct labor 16,800 Factory overhead 11,928 Total $49,828 Job 303 Direct materials $25,200 Direct labor Factory overhead 16,100 Job 304 Direct materials $14,800 Direct labor 13,900 Factory overhead - Required: a. Journalize the summary entry to record direct and indirect m Required: a Journalize the summary entry to record direct and indirect materials used." b. Journalize the summary entry to record direct and indirect labor used." c. Determine the factory overhead applied to Jobs 303 and 304 (a single overhead rate is used based on direct labor cost). d. Journalize the entry to record factory overhead applied to all four jobs." e. Journalize the entry to record the completion of Jobs 301 and 302." 1. Determine the balance of the work in process account on January 31. "Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. CHART OF ACCOUNTS Entrepreneurial Publishing Inc. General Ledger ASSETS 110 Cash 121 Accounts Receivable 125 Notes Receivable 126 Interest Receivable 131 Materials 132 Work in Process 133 Factory Overhead 134 Finished Goods 141 Supplies 142 Prepaid Insurance 143 Prepaid Expenses 181 Land 191 Factory 192 Accumulated Depreciation-Factory REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 534 Office Supplies Expense 540 Administrative Expenses 560 Depreciation Expense-Factory 590 Miscellaneous Expense 710 Interest Expense Journal 192 Accumulated Depreciation-Factory 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 590 Miscellane 710 Interest E Journal a. Journalize the Jan. 31 summary entry to record direct and indirect materials used." b. Journalize the Jan. 31 summary entry to record direct and indirect labor used." d. Journalize the Jan. 31 entry to record factory overhead applied to all four jobs." e. Journalize the Jan. 31 entry to record the completion of Jobs 301 and 302 "Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered 10 DATE DESCRIPTION Final Questions JOURNAL I ACCOUNTIN POST. REF. DEBIT CREDIT ASSETS LIABIL Final Questions c. Determine the factory overhead applied to Jobs 303 and 304 (a single overhead rate is used based on direct labor cost). Job 303 Job 304 f. Determine the balance of the work in process account on January 31. $