Entries for Factory Costs and Jobs Completed Entrepreneurial Publishing Inc. began printing operations on January 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 $33,420 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 January (one entry for each operation): a. Direct and indirect materials used. If an amount box does not require an entry, leave it blank. 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 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. Determine the factory overhead applied to Jobs 303 and 304 (a single overhead rate is used based on direct labor cost). Job 303 Job 304 Feedback Check My Work Incorrect d. 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. Apply factory overhead based on direct labor costs. e. Completion of Jobs 301 and 302. If an amount box does not require an entry, leave it blank. Finished Goods 88 Work in Process Feedback Check My Work e.When a job is completed, it is transferred out of work-in-process and add it to finished goods. f. Determine the balance of the work in process account on January 31. Feedback Check My Work Incorrect Feedback Check My Work Partially correct