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, $2,220 of indirect materials and $26,920 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	$23,020			Direct materials	$10,760
Direct labor	8,800			Direct labor	4,600
Factory overhead	4,840			Factory overhead	2,530
Total	$36,660			Total	$17,890
Job 303			Job 304
Direct materials	$30,950			Direct materials	$6,630
Direct labor	9,800			Direct labor	1,300
Factory overhead				Factory overhead

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

Question Content Area

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

blank	CashCost of Goods SoldFactory ExpensesFinished GoodsMaterialsWork in Process	- Select -	- Select -
	Accounts PayableCashCost of Goods SoldFactory OverheadFinished GoodsMaterials	- Select -	- Select -
	Accounts PayableCashCost of Goods SoldFactory OverheadMaterialsWork in Process	- Select -	- Select -

Question Content Area

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

blank	Accounts PayableFinished GoodsMaterialsWages PayableWork in Process	- Select -	- Select -
	Accounts PayableCashFactory OverheadMaterialsWages Payable	- Select -	- Select -
	Accounts PayableFactory OverheadMaterialsWages PayableWork in Process	- Select -	- Select -

Question Content Area

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	Accounts PayableCashFactory OverheadMaterialsWork in Process	- Select -	- Select -
	Accounts PayableCashFactory OverheadFinished GoodsWork in Process	- Select -	- Select -

Question Content Area

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

blank	CashFactory OverheadFinished GoodsMaterialsWork in Process	- Select -	- Select -
	Accounts PayableFactory OverheadFinished GoodsMaterialsWork in Process	- Select -	- Select -