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, $1,710 of indirect materials and $20,710 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 Job 302

Direct materials$17,710 Direct materials$8,280

Direct labor6,800 Direct labor3,500

Factory overhead3,740 Factory overhead1,925

Total$28,250 Total$13,705

Job 303 Job 304

Direct materials$22,740 Direct materials$5,100

Direct labor7,500 Direct labor1,000

Factory overhead Factory overhead

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

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

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

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.

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