Question: Collegiate p publishing Inc. began printing operations on March 1 jobs 301 and 302 were completed during the month and all cost applicable to them


CHART OF ACCOUNTS Colleglate Publishing Inc. General Ledger Journalize the Mar. 31 summary entries to record each of the following operations for March (one entry for accounts for the exact wording of the account titles. CNOW journals do not use lines for spaces or joumal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CN credit 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. Collegiate 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 sell in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets, In addaion to the materials and labor charged directly to the jobs, $7,000 of indirect materials and $11,200 of indirect labor were used during the month. The cost sheots for the four jobs ontering production during the month are as follows, in summary form: Required: Journalize the Mar. 31 summary entries to rocard each of the following operations far March fone entry for each operation). Refor to the chart of accounts for the exact warding of the accocunt tites. CNOW journals do not use lines for spaces or jounal explanations. Every the on a journal page is used for debit or credit entries. Do not add explanations or skip a line botween journel entries. CNOW joumal's wil automaticaly indont a credif enty when a credit antount is entered. a. Direct and indivect materials used. b. Direct and indirect labor used, costy. d. Complofion of Jobs 30r and 302
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