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Entries for Costs in a Job Order Cost System Velasco Co. uses a job order cost system. The following data summarize the operations related to production for July: a. Materials purchased on account, $830,660 b. Materials requisitioned, $697,750, of which $90,710 was for general factory use c. Factory labor used, $855,580, of which $162,560 was indirect d. Other costs incurred on account for factory overhead, $199,360; selling expenses, $307,340; and administrative expenses, $182,750 e. Prepaid expenses expired for factory overhead, $38,210; for selling expenses, $32,400; and for administrative expenses, $23,260 f. Depreciation of office building was $111,310; of office equipment, $56,480; and of factory equipment, $38,210 g. Factory overhead costs applied to jobs, $473,480 h. Jobs completed, $1,096,470 i. Cost of goods sold, $1,063,240 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, $830,660. b. Materials requisitioned, $697,750, of which $90,710 was for general factory use. c. Factory labor used, $855,580, of which $162,560 was indirect. c. Factory labor used, $855,580, of which $162,560 was indirect. d. Other costs incurred on account for factory overhead, $199,360; selling expenses, $307,340; and administrative expenses, $182,750. \begin{tabular}{|llll|} \hline Entry & \multicolumn{1}{c}{ Description } & Debit & \multicolumn{1}{c|}{ Credit } \\ \hline d. & Factory Overhead & & \\ \hline & Selling Expenses & & \\ \hline Administrative Expenses & & & \\ \hline & & & \\ \hline \end{tabular} e. Prepaid expenses expired for factory overhead, $38,210; for selling expenses, $32,400; and for administrative expenses, $23,260. f. Depreciation of office building was $111,310; of office equipment, $56,480; and of factory equipment, $38,210. \begin{tabular}{|lll|} \hline Entry & \multicolumn{1}{c}{ Description } & Debit \\ \hline f. & Accumulated Depreciation-Office Building Credit \\ \cline { 2 - 4 } & Accumulated Depreciation-Office Equipment & 111,310 \\ \hline \end{tabular} g. Factory overhead costs applied to jobs, $473,480. h. Jobs completed, $1,096,470. i. Cost of goods sold, $1,063,240