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Entries for Factory Costs and lobs Completed Collegiate Publahing tnc. began printing operations on March...

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Accounting

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Entries for Factory Costs and lobs Completed Collegiate Publahing tnc. 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 extept factory overthead have been recorded on the related cost. sheets. In addition to the materials and labor charged directly to the jobs, $2,050 of indirect materials and $24,850 of indirect iabor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form: Joumalize the summary entry to retord each of the following operations for March (one entry for each operation) -. Direct and indired materials used if an mmount box does not require an entry, leave it blank. A. Record serect materias costs in the Work in Process account, and indirect materials costs in the Factory Overhead account. b. Direct and indirect laber used. If an amount bex does not require an entry, leave it blank

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