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, $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, $110,500 e. Prepaid expenses expired for factory overhead, $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 g. Factory overhead costs applied to jobs, $568,500 h. Jobs completed, $1,500,000 i. 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 b. Materials requisitioned, $680,000, of which $75,800 was for general factory use. Entry Description Credit Debit b. c. Factory labor used, $756,000, of which $182,000 was indirect. Entry Description Debit Credit c. d. Other costs incurred on account for factory overhead, $245,000; selling expenses, $171,500; and administrative expenses, $110,600. Entry Description Debit Credit d. e. Prepaid expenses expired for factory overhead, $24,500; for selling expenses, $28,420; and for administrative expenses, $16,660. Entry Description Debit Credit e. f. Depreciation of factory equipment was $49,500; of office equipment, $61,800; and of office building, $14,900. Entry Description Debit Credit g. Factory overhead costs applied to jobs, $568,500. Entry Description Debit Credit g. h. Jobs completed, $1,500,000. Entry Description Debit Credit h. i. Cost of goods sold, $1,375,000. Entry Description Debit Credit 1