Entries for factory costs and jobs completed Chart of Accounts Joumal Instructions Old School Publishing Ine began printing operations on January I 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 ofthe month, aru3 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, 58,400 of indirect materials and S13, 700 of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as Wows, in summary form Job 301 Direct materials Direct labor 510, 100 8,500 Job 302 Direct materials Direct Ia&yr 519,000 16200 Factory overhead S,9SO Factory werhead II , 340 Total Direct materials Direct labor Factory overhead Required: 524,550 523, 700 16,300 Job 304 Direct materials Direct Ia&yr Factory cn.'erh ead 546,540 512,700 11,800 Journejze the Jan. 31 summsty entries to recons ech of ths following operetions for January (ons entry for ech operet,ionl Refer to the Chad of A ccounts for exact wording of account titles. & Direct ard indirect meterials used. b Direct ard indirect Gbor used. c. Fctory overhead applied to four jobs (E single overhed rate is used based on direct labor cost) d Completion of Jobs 301 302.