Entries for Factory Costs and Jobs Completed

Old School Publishing Inc. began printing operations on January1. Jobs 301 and 302 were completed during the month, and all costsapplicable to them were recorded on the related cost sheets. Jobs303 and 304 are still in process at the end of the month, and allapplicable costs except factory overhead have been recorded on therelated cost sheets. In addition to the materials and labor chargeddirectly to the jobs, $2,910 of indirect materials and $35,210 ofindirect labor were used during the month. The cost sheets for thefour jobs entering production during the month are as follows, insummary 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	$42,690			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 followingoperations for January (one entry for each operation):

A. Direct and indirect materials used. For a compoundtransaction, if an amount box does not require an entry, leave itblank.

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

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

D. Completion of Jobs 301 and 302.