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, $489,040 b. Materials requisitioned, $410,790, of which $53,400 was for general factory use C. Factory labor used, $503,710, of which $95,700 was indirect d. Other costs incurred on account for factory overhead, $117,370; selling expenses, $180,940; and administrative expenses, $107,590 e. Prepaid expenses expired for factory overhead, $22,500; for selling expenses, $19,070; and for administrative expenses, $13,690 f. Depreciation of office building was $65,530; of office equipment, $33,250; and of factory equipment, $22,500 g. Factory overhead costs applied to jobs, $278,750 h. Jobs completed, $645,530 i. Cost of goods sold, $625,970 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, $489,040. Entry Description Debit Credit a. b. Materials requisitioned, $410,790, of which $53,400 was for general factory use. Entry Description Debit Credit b