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, $600,040. b. Materials requisitioned, $504,030, of which $65,520 was for general factory use c. Factory labor used, $618,040, of which $117,430 was indirect. d. Other costs incurred on account for factory overhead, $144,010; selling expenses, $222,010; and administrative expenses, $132,010. e. Prepaid expenses expired for factory overhead were $27,600; for selling expenses, $23,400; and for administrative expenses, $16,800 f. Depreciation of factory equipment was $27,600; of office equipment, $40,800; and of office building, $80,410. g. Factory overhead costs applied to jobs, $342,020. h. Jobs completed, $792,050. i. Cost of goods sold, $768,050. Required ournalize 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, $600,040 Description Debit requisitioned, $504.030, of which $65,520 was for general factory use. Description Credit