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You can see the stuff that is red is not correct in the spreadsheet. I am super stuck. Collegiate Publishing Inc. began printing operations on

You can see the stuff that is red is not correct in the spreadsheet. I am super stuck.

Collegiate Publishing Inc. began printing operations on March 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, $7,600 of indirect materials and $12,100 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

$10,600

Direct materials

$21,900

Direct labor

8,300

Direct labor

15,000

Factory overhead

6,557

Factory overhead

11,850

Total

$25,457

Total

$48,750

Job 303

Job 304

Direct materials

$23,200

Direct materials

$15,500

Direct labor

19,000

Direct labor

11,100

Factory overhead

?

Factory overhead

?

Required:

Journalize the Mar. 31 summary entries to record each of the following operations for March (one entry for each operation). Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

a. Direct and indirect materials used.
b. Direct and indirect labor used.
c. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost).
d. Completion of Jobs 301 and 302.

image text in transcribed
Instructions Journal Shaded cells have feedb Co PAGE 10 Jol JOURNAL Score: 90/125 ACCOUNTING EQUATION lab are DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY Mar. 31 Work in Process 71,200.00 N Factory Overhead 18,407.00 Materials 89,607.00 4 Mar. 31 Factory Overhead Work in Process 6 Mar. 31 * Finished Goods 17 Work in Process 8 Mar. 31 Work in Process 9 Wages Payable 10 Factory Overhead

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