Entries for Costs in a Job Order Cost System

Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March:

1. Materials purchased on account, $514,610.

2. Materials requisitioned, $432,270, of which $56,200 was for general factory use.

3. Factory labor used, $530,050, of which $100,710 was indirect.

4. Other costs incurred on account for factory overhead, $123,510; selling expenses, $190,410; and administrative expenses, $113,210.

5. Prepaid expenses expired for factory overhead were $23,670; for selling expenses, $20,070; and for administrative expenses, $14,410.

6. Depreciation of factory equipment was $23,670; of office equipment, $34,990; and of office building, $68,960.

7. Factory overhead costs applied to jobs, $293,330.

8. Jobs completed, $679,290.

9. Cost of goods sold, $658,700.