ntries for Factory Costs and Jobs Completed 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, $170 of indirect materials and $2,070 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 $1,770 Direct materials $830 Direct labor Direct labor Factory overhead 385 Factory overhead $2,855 Total $1,450 700 400 220 Total Job 303 Job 304 Direct materials $2,570 Direct materials $510 Direct labor 800 Direct labor 100 Factory overhead Factory overhead Journalize the summary try to record each of the following operations for January (one entry for each operation) a. Direct and indirect materials used. For a compound transaction, if an amount box does not require an entry, leave it blank Work in Process Factory Overhead Materials b. Direct and indirect labor used. For a compound transaction, 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. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost). Work in Process Factory Overhead Feedback Check My W Apply factory overhead based on direct labor costs d. Completion of Jobs 301 and 302 Finished Goods d. Completion of Jobs 301 and 302. Finished Goods Work in Process Feedback Check My Work d. Transfer the cost of completed jobs out of work-in-process and into finished goods