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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
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, $809,840 b. Materials requisitioned, $680,270, of which $88,440 was for general factory use c. Factory labor used, $834,140, of which $158,490 was indirect d. Other costs incurred on account for factory overhead, $194,360; selling expenses, $299,640; and administrative expenses, $178,160 e. Prepaid expenses expired for factory overhead, $37,250; for selling expenses, \$31,580; and for administrative expenses, $22,680 f. Depreciation of office building was $108,520; of office equipment, $55,070; and of factory equipment, $37,250 g. Factory overhead costs applied to jobs, $461,610 h. Jobs completed, $1,068,990 i. Cost of goods sold, $1,036,600 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, 5809,840 . b. Materials requisitioned, 5680,270 , of which 588,440 was for general factory use. Joumalize 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, $809,840. b. Materials requisitioned, $580,270, of which $88,440 was for general factory use. c. Factory labor used, $834,140, of which $158,490 was indirect. 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, $809,840. b. Matenals requisitioned, $680,270, of which $88,440 was for oeneral factory use. c. Factory labor used, s834,140, of which $158,490 was indirect. c. Factory labor used, $834,140, of which $158,490 was indirect. d. Other costs incurred on account for factory overhead, $194,360; selling expenses, $299,640; and administrative expenses, $178,160. Other costs incurred on account for factory overhead, $194,360; selling expenses, $299,640; and administrative expenses, $178,16 e. Prepaid expenses expired for factory overhead, 537,250 ; for selling expenses, 531,580 ; and for administrative expenses, $22,680. f. Depreciation of office building was $108,520; of office equipment, $55,070; and of factory equipment, $37,250, g. Factory overhead costs applied to jobs, $461,610. g. Factory overhead costs applied to jobs, $461,610. h. Jobs completed, $1,068,990. i. Cost of goods sold, 51,036,600
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