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 overhea d, $245,000; selling expenses, $171,500; and administrative expenses, $110,600. 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. g. Factory overhead costs applied to jobs, $568,500 h, Jobs completed, $1,500,000 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 or enter "0 a. Materials purchased on account, $770,000. ntry Description Debit Credit Materials Accounts Payable