Entries for Costs in a Job Order Cost System GIA Co. uses a job order cost system. The following data summarize the operations related to production for May: a. Materials purchased on account, $741,380. b. Materials requisitioned, $622,760, of which $80,960 was for general factory use. C.Factory labor used, $763,620, of which $145,090 was indirect. d. Other costs incurred on account for factory overhead, $177,930; selling expenses, $274,310; and administrative expenses, $163,100 e. Prepaid expenses expired for factory overhead were $34,100; for selling expenses, $28,910; and for administrative expenses, $20,760 f. Depreciation of office building was $99,340; of office equipment, $50,410; and of factory equipment, $34,100. g. Factory overhead costs applied to jobs, $422,590. h. Jobs completed, $978,620. i. Cost of goods sold, $948,970. Required Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Materials purchased on account, $741,380. Entry Description Debit Credit b. Materials requisitioned, $622,760, of which $80,960 was for general factory use ntry Description Debit Credit b