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, $2,390 of indirect materials and $28,990 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 $24,790 Direct materials $11,590 Direct labor 9,500 Direct labor 4,900 Factory overhead 5,225 Factory overhead 2,695 Total $39,515 Total $19,185 Job 303 Job 304 Direct materials $31,500 Direct materials $7,140 Direct labor 10,500 Direct labor 1,400 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. Work in Process 75,020 Factory Overhead Materials Feedback Check My Work a. Record direct materials costs in the Work in Process account, and indirect materials costs in the Factory Overhead account. b. Direct and indirect labor used. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead Wages Payable Feedback Check My Work b. Record direct labor costs in the Work in Process account, and indirect labor costs in the Factory Overhead account. 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 Feedback Check My Work C. Apply factory overhead based on direct labor costs