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 #. Materials purchased on account, $770,000. b. Materials 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 expenses, $110,600. e. Prepaid expenses expired for factory overhead were $24,500; for selling expenses, $28,420; and for administrative expenses, $16,660, f. Depreciation of factory equipment was $49,500, of office equipment, $61,800, and of office building. $14,900. 9. Factory overhead costs applied to jobs, $568,500. h. Jobs completed, $1,500,000 1. Cost of goods sold, $1,375,000. 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, $770,000 Entry Description Debit Credit a. Materials Accounts Payable Credit b. Materials requisitioned, $680,000, of which $75,800 was for general factory use. Entry Description Debit b. Work in Process Factory Overhead Materials c. Factory tabor used, 5756,000, of which $182,000 was indirect, Entry Description Debit Work in Process Credit Factory Overhead Wages Payable d. Other costs incurred on account for factory overhead, $245,000: selling expenses, $171,500; and administrative expenses, $110,600 Description Entry Debit Credit d. Factory Overhead Selling Expenses Administrative Expenses Accounts Payable - Debit Credit e. Prepaid expenses expired for factory overhead were $24,500, for selling expenses, $28,420; and for administrative expenses, 516,660. Entry Description Factory Overhead Selling Expenses POMINN TALV perse Prepaid Expenses f. Depreciation of factory equipment was $49,500, of office equipment, $61,800; and of office building, $14,900 Entry Description Debit Credit Factory Overhead Depreciation Expense Office Equipment Depreciation Expense-Office Building Accumulated Depreciation-Buildings and Equipment Debit Credit 9. Factory overhead costs applied to jobs, $568,500 Entry Description 9. Work in Process Factory Overhead Debit Credit h. Jobs completed, $1,500,000 Entry Description h. Finished Goods Work in Process Factory Overhead h. Jobs completed, $1,500,000. Entry Description h. Finished Goods Debit Credit Work in Process 1. Cost of goods sold, $1,375,000 Entry Description Debit Credit Cost of Goods Sold Finished Goods Feedback