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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, $677,850 b. Materials requisitioned, $569,390, of which $74,020 was for general factory use c. Factory labor used, $698,190, of which $132,660 was indirect d. Other costs incurred on account for factory overhead, $162,680; selling expenses, $250,800; and administrative expenses, $149,130 e. Prepaid expenses expired for factory overhead, $31,180; for selling expenses, 526,440; and for administrative expenses, $18,980 Depreciation of office building was $90,830 of office equipment, $46,090, and of factory equipment, $31,180 9. Factory overhead costs applied to jobs, $386,370 h. Jobs completed, $894,760 1. Cost of goods sold, $867,650 a. Materials purchased on account, $677,850. Entry Description Debit Credit a. b. Materials requisitioned, $569,390, of which $74,020 was for general factory use. Entry Description Debit Credit b. c. Factory labor used, $698,190, of which $132,660 was indirect. Entry Description Debit Credit C. d. Other costs incurred on account for factory overhead, $162,680; selling expenses, $250,800; and administrative expenses, $149,130. Entry Description Debit Credit d. e. Prepaid expenses expired for factory overhead $31,180; for selling expenses, $26,440; and for administrative expenses, $18,980 Entry Description Debit Credit f. Depreciation of office building was $90.830: of office equipment. $46.090: and of factory equipment. $31.180. f. Depreciation of office building was $90,830; of office equipment, $46,090; and of factory equipment, $31,180. Entry Description Credit Debit 9. Factory overhead costs applied to jobs, $386,370. Entry Description Debit Credit 9. h. Jobs completed, $894,760. Entry Description Debit Credit h. i. Cost of goods sold, $867,650. Entry Description Debit Credit

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