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, $2,050 of indirect materials and $24,850 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: Direct materials Direct labor Job 301 $21,250 8,100 4,455 $33,805 Factory overhead Total Job 302 Direct materials $9,940 Direct labor 4,200 Factory overhead, 2,310 Total $16,450 Job 303 Direct materials $30,560 Direct labor 9,000 JOD 303 Direct materials Direct labor Factory overhead $30,560 9,000 Job 304 Direct materials $6,120 Direct labor 1,200 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. < Work In Process Factory Overhead Materials 67.870 b. Direct and thdirect labor used. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead Wages Payable 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. Work in Process Factory Overhead 88 d. Completion of Jobs 301 and 302. If an amount box does not require an entry, leave it blank. Finished Goods Work in Process 88