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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

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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 production for July: a. Materials purchased on account, $747,370 b. Materials requisitioned, $627,790, of which $81,610 was for general factory use c. Factory labor used, $769,790, of which $146,260 was indirect d. Other costs incurred on account for factory overhead, $179,370; selling expenses, $276,530; and administrative expenses, $164,420 e. Prepaid expenses expired for factory overhead, $34,380; for selling expenses, $29,150; and for administrative expenses, $20,930 f. Depreciation of office building was $100,150; of office equipment, $50,820; and of factory equipment, $34,380 g. Factory overhead costs applied to jobs, $426,000 h. Jobs completed, $986,530 i. Cost of goods sold, $956,630 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, $747,370. Debit Entry Description Credit a. b. Materials requisitioned, $627,790, of which $81,610 was for general factory use. Entry b. Debit Credit Description Factory labor used, $769,790, of which $146,260 was indirect. c. Credit Debit Description Entry C. Entry Description Debit Credit C. d. Other costs incurred on account for factory overhead, $179,370; selling expenses, $276,530; and administrative expenses, $164,420 Entry d. Debit Description Credit

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