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, $602,470. b. Materials requisitioned, $506,070, of which $65,790 was for general factory use. c. Factory labor used, $620,540, of which $117.900 was indirect. d. Other costs incurred on account for factory overhead, $144,590; selling expenses, $222,910; and administrative expenses, $132,540. e. Prepaid expenses expired for factory overhead were $27,710; for selling expenses, $23,500; and for administrative expenses, $16,870. f. Depreciation of factory equipment was $27,710; of office equipment, $40,970; and of office building, $80,730. 9. Factory overhead costs applied to jobs.I $343,410. h. Jobs completed, $795,260. i. Cost of goods sold, $771,160. 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, $602,470. Entry Description Debit Credit a b. Materials requisitioned, 5506,070, of which $65,790 was for general factory use. Entry Description Debit Credit Check My Work Entry Description Debit Credit b. C. Factory labor used, $620,540, of which $117,900 was indirect. Entry Description Debit Credit d. Other costs incurred on account for factory overhead, $144,590; selling expenses, $222,910; and administrative expenses, $132,540. Entry Description Debit Credit e. Prepaid expenses expired for factory overhead were $27.710; for selling expenses, $23,500; and for administrative expenses, $16,870. Entry Description Debit Credit e. 1 match ratios eBook Show Me How Calculator e. Prepaid expenses expired for factory overhead were $27,710; for selling expenses, $23,500; and for administrative expenses, $16,870. Entry Description Debit Credit f. Depreciation of factory equipment was $27,710; of office equipment, $40,970; and of office building. $80,730. Entry Description Debit Credit g. Factory overhead costs applied to jobs, $343,410, Entry Description Debit Credit g h. Jobs completed, 5795,260. Debit Credit Entry Description h. Next Check My Work Email instructor Save and El Submit Assignment for g. Factory overhead costs applied to jobs, $343,410. Entry Description Debit Credit h. Jobs completed, $795,260. Entry Description Debit Credit h. I. Cost of goods sold, $771,160. Entry Description Debit Credit 1. Check My Work Email Instructor Save and EN 1 match Q ratios eBook Calculator Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses a job order cost system. The following data summarize the operations related to production for April, the first month of operations: a. Materials purchased on account, $3,010. b. Materials requisitioned and factory labor used: Job No. Materials Factory Labor $2,700 101 $1,880 102 2,290 3,650 103 1,520 1,780 104 6,700 5,150 3,270 105 5,100 3,240 106 2,390 For general factory use 640 4,000 c. Factory overhead costs incurred on account, $3,590 d. Depreciation of machinery and equipment, $1,920. e. The factory overhead rate is $55 per machine hour Machine hours used: Job No. Machine Hours 101 28 102 31 103 21 104 77 105 30 106 24 211 Previous Check My Work SME Asient for Gran Job Order Cowy Roy technology company order to match ratios eBook Calculator e. The factory overhead rate is $55 per machine hour. Machine hours used: Job No. Machine Hours 101 28 102 31 103 21 104 77 105 30 106 24 Total 211 1. Jobs completed: 101, 102, 103, and 105. 9. Jobs were shipped and customers were billed as follows: Job 101, $7,340; Job 102, $9,170; Job 105, $12,920. Required: 1. Journalize the entries to record the summarized operations. Foda compound transaction, if an amount box does not require an entry, leave it blank. Entries Description Debit Credit Previous Check My Work Emal instructor Save and Exit Submit Assignment for Grading 1 match > ratios eBook Calculator MTI d. 9. Sale 9. Cost Previous Check My Work Se sigment for Grading Email Instructor 9. Sale g. Cost 2. Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the identifying letters as transaction codes. Insert memo account balances of the end of the month. Work in Process Bal. Finished Goods Bal. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Hildreth Company Schedule of Unfinished Jobs Total Direct Materials Factory Overhead Direct Labor Job Previous Check My Work SE Assement for an Emainstructor Cox System Hoyechnology Comcarbon 1atch eBook Calculator Finished Goods Bal. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Hildreth Company Schedule of Unfinished Jobs Job Direct Materials Direct Labor Factory Overhead Total Balance of Work in Process, April 30 4. Prepare a schedule of completed Jobs on hand to support the balance in the finished goods account Hildreth Company Schedule of Completed Jobs Total Factory Overhead Direct Materials Direct Labor Job Previous Check My Work Emainstructor Save and Submessen for Grading