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, $8,000 of indirect materials and $12,400 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

Direct materials $10,000

Direct labor 8,000

Factory overhead 6,000

Total $24,000

Job 302

Direct materials $20,000

Direct labor 17,000

Factory overhead 12,750

Total$49,750

Job 303

Direct materials$24,000

Direct labor 18,000

Factory overhead -

Job 304

Direct materials$14,000

Direct labor 12,000

Factory overhead

Journalize the summary entry to record each of the following operations for January (one entry for each operation):

1. Direct and indirect materials used. For a compound transaction, if an amount box does not require an entry, leave it blank
2. Direct and indirect labor used. For a compound transaction, if an amount box does not require an entry, leave it blank.
3. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost).
4. Completion of Jobs 301 and 302.