Entries for Factory Costs and Jobs CompletedCollegiate Publishing Inc. began printing operations on March 1. Jobs 301 and 302 were completed during the month, and all costsapplicable 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 laborcharged directly to the jobs, $860 of indirect materials and $10,360 of indirect labor were used during the month. The cost sheetsfor the four jobs entering production during the month are as follows, in summary form:Job 301Job 302Direct materials$8,860Direct materials$4,140Direct labor3,400Direct labor1,800Factory overhead1,870Factory overhead990Total$14,130Total$6,930Job 303Job 304Direct materials$11,780Direct materials$2,550Direct labor3,800Direct labor500Factory overheadFactory overheadJournalize the summary entry to record each of the following operations for March (one entry for each operation): Journalize the summary entry to record each of the following operations for March (one entry for each operation):a. Direct and indirect materials used. If an amount box does not require an entry, leave it blank.Work in ProcessFactory OverheadMaterialsb. Direct and indirect labor used. If an amount box does not require an entry, leave it blank.Work in ProcessFactory OverheadWages PayableFeedbackc. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost). If an amount box does notrequire an entry, leave it blank.Work in ProcessFactory Overhead

Name: Entries for Factory Costs and Jobs CompletedCollegiate Publishing Inc
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Entries for Factory Costs and Jobs CompletedCollegiate Publishing Inc. began printing operations on March 1. Jobs 301 and 302 were completed during the month, and all costsapplicable to them were recorded on the related cost sheets. Jobs 303 and 304