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, $500,590 b. Materials requisitioned, $420,500, of which $54,670 was for general factory use C. Factory labor used, $515,610, of which $97,970 was indirect. d. Other costs incurred on account for factory overhead, $120,140; selling expenses, $185,220; and administrative expenses, $110,130 e. Prepaid expenses expired for factory overhead were $23,030; for selling expenses, $19,520; and for administrative expenses, $14,020 f. Depreciation of office building was $67,080; of office equipment, $34,040; and of factory equipment, $23,030 g. Factory overhead costs applied to jobs, $285,340 h. Jobs completed, $660,780 i. Cost of goods sold, $640,760 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, $500,590 Entry Description Debit Credit Work in Process Factory Overhead b. Materials requisitioned, $420,500, of which $54,670 was for general factory use Entry Description Debit Credit Work in Process c. Factory labor used, $515,610, of which $97,970 was indirect. Entry Description Debit Credit C. d. Other costs incurred on account for factory overhead, $120,140; selling expenses, $185,220; and administrative expenses, $110,130 Entry Description Debit Credit