Entries for factory costs and jobs completed nstructions Instructions Chart of Accounts Journal Old School Publishing lnc began printing operations on January 1 _ Jobs 301 and 302 were completed during the month, and ell costs applicable to them were recorded on the related cost sheets Jobs 303 end 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, S7 ,500 of indirect materials end SII ,800 of indirect labor were used during the month. The cost sheets for the tour jobs entenng production dunng the month ere as follows, in summary form: Job 301 Direct materials Direct labor Factory overhead Total Job 303 Direct materials Direct labor Factory overhead Required: 10,500 7,200 4,752 3,800 19,100 Job 302 Direct materials Direct labor Factory overhead Direct materials Direct labor Factory overhead 1,600 15,600 10296 15,900 14,000 Journe/\ze the den. 31 summary entries to record each of the following operations for uenuery (one enfry for each operation). Refer to the Chert of Accounts for exact wording of account titles. a. Direct and Indirect materials used. b. Direct and Indirect Gbor used. c Fectory overhead applied to ell four jobs (8 single overhead rate is used based on direct lebor cost) d. Completion of Jobs 301 end 302.