10. PR. 16.01B.ALGO (Algorithmic) Entries for Costs in a Job Order Cost System 7 Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March: a. Materials purchased on account, $664,290. b. Materials requisitioned, $558,000, of which $72,540 was for general factory use. c. Factory labor used, $684,220, of which $130,000 was indirect. d. Other costs incurred on account for factory overhead, $159,430; selling expenses, $245,790; and administrative expenses, $146,140. e. Prepaid expenses expired for factory overhead were $30,560; for selling expenses, $25,910, and for administrative expenses, $18,600. 1. Depreciation of factory equipment was $30,560; of office equipment, $45,170; and of office bulding, $89,010. 9. Factory overhead costs applied to jobs, $378,650. h. Jobs completed, $876,860. 1. Cost of goods sold, $450,290. Required: Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. Required: Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. a. Materials purchased on account. $664,290. Entry Description Debit Credit a. b. Materials requisitioned, $558,000, of which $72,540 was for general factory use. Entry Description Debit Credit b. c. Factory labor used, $684,220, of which $130,000 was indirect. Entry Description Debit Credit c. rynenses 5146140 c Factory labor used, $684,220, of which $130,000 was indirect, Entry Description Debit Credit d. Other costs incurred on account for factory overhead, $159,430; selling expenses, $245,790; and administrative expenses, 5146,140. Entry Description Debit Credit d. e Prepaid expenses expired for factory overhead were $30,560; for selling expenses, $25,910; and for administrative expenses, $18,600. Entry Description Debit Credit e 1. Depreciation of factory equipment was $30,560; of office equipment, $45,170, and of office building, $89,010 Entry Description Debit Credit f docciamentid=3469322 g. Factory overhead costs applied to jobs, $378,650. Entry Description Debit Credit g. h. Jobs completed, $876,860. Entry Description Debit Credit h. i. Cost of goods sold, $850,290. Entry Description Debit Credit 1