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Entries for Costs in a Job Order Cost System Royal Technology Company uses a job order cost system. The following data summarize the operations
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, $639,790. b. Materials requisitioned, $537,420, of which $69,860 was for general factory use. c. Factory labor used, $658,980, of which $125,210 was indirect. d. Other costs incurred on account for factory overhead, $153,550; selling expenses, $236,720; and administrative expenses, $140,750. e. Prepaid expenses expired for factory overhead were $29,430; for selling expenses, $24,950; and for administrative expenses, $17,910. f. Depreciation of factory equipment was $29,430; of office equipment, $43,510; and of office building, $85,730. g. Factory overhead costs applied to jobs, $364,680. h. Jobs completed, $844,520. i. Cost of goods sold, $818,930. Required: Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. a. Materials purchased on account, $639,790. Entry a. Description Debit Credit b. Materials requisitioned, $537,420, of which $69,860 was for general factory use. Entry b. Description Debit Credit
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