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, $4,500 of indirect materials and $8,200 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 Factory overhead Total $12,500 31,000 7,750 $51,250 Direct materials > Direct labor Job 302 $18,750 42,200 10,550 $71,500 Factory overhead Total Direct materials Direct labor Job 303 $9,940 16,500 Factory overhead Job 304 Direct materials $14,310 Direct labor 17,100 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 Feedback Check My Work 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 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 d. Completion of Jobs 301 and 302. If an amount box does not require an entry, leave it blank. Finished Goods Work in Process 33