Entries for Costs in a Job Order Cost System

Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank.

Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March:

Materials purchased on account, $770,000.

Materials requisitioned, $680,000, of which $75,800 was for general factory use.

Factory labor used, $756,000, of which $182,000 was indirect.

Other costs incurred on account for factory overhead, $245,000; selling expenses, $171,500; and administrative expenses, $110,600.

Prepaid expenses expired for factory overhead, $24,500; for selling expenses, $28,420; and for administrative expenses, $16,660.

Depreciation of factory equipment was $49,500; of office equipment, $61,800; and of office building, $14,900.

Factory overhead costs applied to jobs, $568,500.

Jobs completed, $1,500,000.

Cost of goods sold, $1,375,000.