InstructionsCollegiate 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, andall 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, $7,800 of indirect materials and $11,100 of indirect labor were used during the month. The costsheets for the four jobs entering production during the month are as follows, in summary form:Job 301Direct materials$10,700 Direct materials $18,4007,200 Direct laborFactory overhead 6,192 Factory overhead 14,104$24,092 Total$48,904Direct laborTotalJob 303Direct materialsDirect laborFactory overheadJob 30219,500-Job 304$25,900 Direct materials $15,900Direct labor 10,10016,400Factory overheadRequired:Journalize the Mar. 31 summary entries to record each of the following operations for March (one entry for each operation). Refer to the chart ofaccounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or journal explanations. Every line on a journalpage is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW journals will automatically indent acredit 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.X

Name: InstructionsCollegiate Publishing Inc. began printing operations on M
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: InstructionsCollegiate 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 en