entries for factory costs and jobs completed

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, $8,000 of indirect materials and $12,400 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	Â	Â	Job 302	Â
Direct materials	$10,000	Â	Direct materials	$20,000
Direct labor	8,000	Â	Direct labor	17,000
Factory overhead	     6,000	Â	Factory overhead	  12,750
Total	$24,000	Â	Total	$49,750
  Job 303	Â	Â	  Job 304	Â
Direct materials	$24,000	Â	Direct materials	$14,000
Direct labor Factory overhead	18,000 —	Â	Direct labor Factory overhead	12,000 —

Journalize the summary entry to record each of the following operations for January (one  entry  for  each operation):

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.