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: a. Materials purchased on account, $732,350. b. Materials requisitioned, $615,170, of which $79,970 was for general factory use. c. Factory labor used, $754,320, of which $143,320 was indirect. d. Other costs incurred on account for factory overhead, $175,760; selling expenses, $270,970; and administrative expenses, $161,120. e. Prepaid expenses expired for factory overhead were $33,690; for selling expenses, $28,560; and for administrative expenses, $20,510. f. Depreciation of factory equipment was $33,690; of office equipment, $49,800; and of office building, $98,130. g. Factory overhead costs applied to jobs, $417,440. h. Jobs completed, $966,700. 1. Cost of goods sold, $937,410. a. Materials purchased on account, $732,350. Entry a. Description Debit Credit b. Materials requisitioned, $615,170, of which $79,970 was for general factory use. Entry b. Description Debit c. Factory labor used, $754,320, of which $143,320 was indirect. Entry C. Description Credit Debit Credit d. Other costs incurred on account for factory overhead, $175,760; selling expenses, $270,970; and administrative expenses, $161,120. Entry Description Debit Credit d. e. Prepaid expenses expired for factory overhead were $33,690; for selling expenses, $28,560; and for administrative expenses, $20,510. Entry Description Debit Credit f. Depreciation of factory equipment was $33,690; of office equipment, $49,800; and of office building, $98,130. Entry Description g. Factory overhead costs applied to jobs, $417,440. Entry 6 Description Debit Credit Debit Credit h. Jobs completed, $966,700. Entry h. Description Debit Credit i. Cost of goods sold, $937,410. Entry Description Debit Credit