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:

Materials purchased on account, $676,870

Materials requisitioned, $568,570, of which $73,910 was for general factory use

Factory labor used, $697,180, of which $132,460 was indirect

Other costs incurred on account for factory overhead, $162,450; selling expenses, $250,440; and administrative expenses, $148,910

Prepaid expenses expired for factory overhead, $31,140; for selling expenses, $26,400; and for administrative expenses, $18,950

Depreciation of office building was $90,700; of office equipment, $46,030; and of factory equipment, $31,140

Factory overhead costs applied to jobs, $385,820

Jobs completed, $893,470

Cost of goods sold, $866,390

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, $676,870. b. Materials requisitioned, $568,570, of which $73,910 was for general factory use. c. Factory labor used, $697,180, of which $132,460 was indirect. d. Other costs incurred on account for factorv overhead. $162.450 : sellina exoenses. 1 3 more Check My Work uses remeining. Assignment Score: 22.22% f. Depreciation of affice building was $90,700; of affice equipment, $46,030; and af factory equipment, $31,140. 3 more Check My Work uses remeining. Assignment Score: 22.22% All work seved. f. Depreciation of office building was $90,700; of office equipment, $46,030; and of factory equipment, $31,140. g. Factory overhead costs applied to jobs, $385,820 h. Jobs completed, s893,470. i. Cost of goods sold, $865,390. 3 more Check My Work uses remeining. g. Factory overhead costs applied to jobs, $385,820. h. Jobs completed, 5893,470 . i. Cost of goods sold, $866,390. 3 more Check My Work uses remeining. Assignment Score: 22.22\%