d. Other costs incurred on account for factory overhead, $166,160; selling expenses, $256,160; and administrative expenses, $152,310. Entry Description d. Factory Overhead Selling Expenses Administrative Expenses Accounts Payable Debit Credit e. Prepaid expenses expired for factory overhead, $31,850; for selling expenses, $27,000; and for administrative expenses, $19,380. Entry Description Debit Credit e. Factory Overhead Selling Expenses Administrative Expenses Prepaid Expenses f. Depreciation of office building was $92,770; of office equipment, $47,080; and of factory equipment, $31,850. Entry Description Accumulated Depreciation-Office Building Accumulated Depreciation-Office Equipment Accumulated Depreciation-Office Building g. Factory overhead costs applied to jobs, $394,620. Entry Description 9. Work in Process Factory Overhead Debit Credit Debit Credit h. Jobs completed, $913,860. Entry Description h. Finished Goods Work in Process i. Cost of goods sold, $886,170. Entry Description Cost of Goods Sold Finished Goods Debit Credit Debit Credit 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, $692,320 b. Materials requisitioned, $581,550, of which $75,600 was for general factory use c. Factory labor used, $713,090, of which $135,490 was indirect d. Other costs incurred on account for factory overhead, $166,160; selling expenses, $256,160; and administrative expenses, $152,310 e. Prepaid expenses expired for factory overhead, $31,850; for selling expenses, $27,000; and for administrative expenses, $19,380 f. Depreciation of office building was $92,770; of office equipment, $47,080; and of factory equipment, $31,850 g. Factory overhead costs applied to jobs, $394,620 h. Jobs completed, $913,860 i. Cost of goods sold, $886,170 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, $692.320. Entry Description Materials Accounts Payable Debit Credit 692,320 692,320 b. Materials requisitioned, $581,550, of which $75,600 was for general factory use. Entry Description b. Work in Process Factory Overhead Materials Debit Credit c. Factory labor used, $713,090, of which $135,490 was indirect. Entry Description C Work in Process Factory Overhead Wages Payable Debit Credit