1. 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, $2,910 of indirect materials and $35,210 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	$30,110			Direct materials	$14,080
   Direct labor	11,500			Direct labor	6,000
   Factory overhead	6,325			Factory overhead	3,300
   Total	$47,935			Total	$23,380
   Job 303				Job 304
   Direct materials	$42,300			Direct materials	$8,670
   Direct labor	12,800			Direct labor	1,700
   Factory overhead				Factory overhead

   Journalize the summary entry 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 Cash Cost of Goods Sold Factory Expenses Finished Goods Materials Work in Process
   	Factory Overhead Accounts Payable Cash Cost of Goods Sold Factory Overhead Finished Goods Materials
   	Materials Accounts Payable Cash Cost of Goods Sold Factory Overhead Materials Work in Process

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   b. Direct and indirect labor used. For a compound transaction, if an amount box does not require an entry, leave it blank.

   	Accounts Payable Finished Goods Materials Wages Payable Work in Process
   	Accounts Payable Cash Factory Overhead Materials Wages Payable
   	Accounts Payable Factory Overhead Materials Wages Payable Work in Process

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   c. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost).

   	Accounts Payable Cash Factory Overhead Materials Work in Process
   	Accounts Payable Cash Factory Overhead Finished Goods Work in Process

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   d. Completion of Jobs 301 and 302.

   Cash Factory Overhead Finished Goods Materials Work in Process