Entries for Costs in a Job Order Cost System Munson Co. uses a job order cost system. The following data summarize the operations related to production for July: a. Materials purchased on account, $597,130 b. Materials requisitioned, $501,590, of which $65,210 was for general factory use c. Factory labor used, $615,040, of which $116,860 was indirect d. Other costs incurred on account for factory overhead, $143,310; selling expenses, $220,940; and administrative expenses, $131,370 e. Prepaid expenses expired for factory overhead, $27,470; for selling expenses, $23,290; and for administrative expenses, $16,720 f. Depreciation of office building was $80,020; of office equipment, $40,600; and of factory equipment, $27,470 9. Factory overhead costs applied to jobs, $340,350 h. Jobs completed, $788,210 i. Cost of goods sold, 5764,330 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. Credit a. Materials purchased on account, $597,130. Entry Description Debit Materials Accounts Payable a. b. Materials requisitioned, $501,590, of which $65,210 was for general factory use. Entry Description Debit Credit b. Work in Process Factory Overhead Materials c. Factory labor used, $615,040, of which $116,860 was indirect. Entry Description Debit Credit Work in Process Factory Overhead Wages Payable c. Debit d. Other costs incurred on account for factory overhead, $143,310; selling expenses, $220,940; and administrative expenses, $131,370. Entry Description Credit Factory Overhead Selling Expenses d. Administrative Expenses Accounts Payable e. Prepaid expenses expired for factory overhead, $27,470; for selling expenses, $23,290; and for administrative expenses, $16,720. Entry Description Debit Credit Factory Overhead Selling Expenses Administrative Expenses Prepaid Expenses f. Depreciation of office building was $80,020; of office equipment, $40,600; and of factory equipment, $27,470. Entry Description Debit Credit f. Depreciation Expense-Office Building Depreciation Expense-Office Equipment Factory Overhead Accumulated Depreciation-Buildings and Equipment g. Factory overhead costs applied to jobs, $340,350. Entry Description Debit Credit g. Work in Process Factory Overhead h. Jobs completed, $788,210. Debit Credit Entry Description h. Finished Goods Work in Process i. Cost of goods sold, $764,330. Entry Description i. Cost of Goods Sold Debit Credit Finished Goods