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:

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.

Job 301 Job 302 Direct materials Direct labor Factory overhead Total 10,000 8,000 6,000 $24,000 Direct materials Direct labor Factory overhead Total $20,000 17,000 12,750 $49,750 Job 303 Job 304 Direct materials Direct labor Factory overhead $24,000 18,000 Direct materials Direct labor Factory overhead 14,000 12,000