Instructions Old School 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, $7,500 of indirect materials and $11,800 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 $10,500 Direct materials $21,600 Direct labor 7,200 Direct labor 15,600 Factory overhead 4,752 Factory overhead 10,296 Total $22,452 Total $47,496 Job 303 Job 304 Direct materials $23,800 Direct materials $15,900 DESCRIPTION POST. REF. CREDIT DATE Jan. 31 DEBIT 71,800.00 Work in Process Factory Overhead 7,500.00 Materials Jan. 31 Work in Process 55,900.00 11,800.00 Factory Overhead Wages Payable 34,099.00 Jan. 31 Work in Process Factory Overhead Jan. 31 Finished Goods Work in Process