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Entries for costs in a Job Order cost System. Rcyal Technology Company uses a job order cost system. The following dota summarize the operations related

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Entries for costs in a Job Order cost System. Rcyal Technology Company uses a job order cost system. The following dota summarize the operations related to production for March: a. Matenals purchased on account, $770,000. b. Materials requistioned, $690,000, of which $75,800 was for general factory use. c. Factory labor used, $756,000, of which $182,000 was indirect. d. Other costs incurred on account for factory overhead, $245,000; selling expenses, $171,500; and administrative expenses, $110,600. c. Prepaid expenses expired for factory overhead were $24,500; for selling experises, $28,420; and for administrative expenses, $16,660. f. Depreciation of factory equipment was $49,500; of office equipment, $61,800; and of office bulding, $14,900. g. Factory overhead costs applied to jobs, $568,500. h. Jobs completed, 51,500,000. 1. Cost of goods soid, $1,375,000. Required: Jourralize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. a. Materials surchased on account, $770,000. b. Materiats requisitioned, $680,000, of which $75,800 was for general factory use. C. Factory labor used, $756,000, of which $182,000 was indirect. d. Other costs incurred on account for factory overhead, $245,000; selling expenses, $171,500; and administrative e. Prepaid expenses expired for factory overhead were $24,500; for selling expenses, $28,420; and for adrministra f. Depreciation of factory equipment was $49,500; of office equipment, $61,800; and of office buiking, $14,900. 9. Factory overhead costs applied to jabs, 5,568,500. h. Jobs cempleted, $1,500,000. i. Cost of goods sold, 51,375,000

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