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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 related
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, $654,180. b. Materials requisitioned, $549,510, of which $71,440 was for general factory use. c. Factory labor used, $673,810, of which $128,020 was indirect. d. Other costs incurred on account for factory overhead, $157,000; selling expenses, $242,050; and administrative expenses, $143,920. e. Prepaid expenses expired for factory overhead were $30,090; for selling expenses, $25,510; and for administrative expenses, $18,320. f. Depreciation of factory equipment was $30,090; of office equipment, $44,480; and of office building, $87,660. g. Factory overhead costs applied to jobs, $372,880. h. Jobs completed, $863,520. i. Cost of goods sold, $837,350. Required: Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it ble a. Materials purchased on account, $654,180. b. Materials requisitioned, $549,510, of which $71,440 was for general factory use. f. Depreciation of factory equipment was $30,090; of office equipment, $44,480; and of office building, $87 g. Factory overhead costs applied to jobs, $372,880. h. Jobs completed, $863,520. i. Cost of goods sold, $837,350
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