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 88,400 of indirect materials and $13,700 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 510,100 Orect materials $19.000 Direct labor 8,500 Director 16.200 Factory overhead 5.950 Factory overhead 11.340 Total $24.550 Total $46.540 Direct labor 8,500 Direct labor 16,200 Factory overhead 5,950 Factory overhead 11,340 Total $24.550 Total $46,540 Job 303 Job 304 Direct materials 523,700 Direct materials $12,700 Direct labor 16,300 Direct labor 11 800 Factory overhead Factory overhead Book Print Item Instructions Direct labor 11,800 Direct labor 16,300 Factory overhead Factory overhead Required: Journalize the Jan 31 summary entries to record each of the following operations for January (one entry for each operation). Refer to the Chart of Accounts for exact wording of account titles. a Direct and indirect materials used. D. Direct and indirect fubor used c. Factory overhead uppled to al four jobs (a single overhead rate is used based on direct labor coat). d Completion of Jobs 301 and 302 shi Chart of Accounts CHART OF ACCOUNTS Old School Publishing Inc. General Ledger ASSETS 110 Cash