Entries for Costs in a Job Order Cost System Velasco Co. uses a job order cost system. The following data summarize the operations related to production for July: a. Materials purchased on account, $671,270 b. Materials requisitioned, $563,870, of which $73,300 was for general factory use c. Factory labor used, $691,410, of which $131,370 was indirect d. Other costs incurred on account for factory overhead, $161,100; selling expenses, $248,370; and administrative expenses, $147,680 e. Prepaid expenses expired for factory overhead, $30,880; for selling expenses, $26,180; and for administrative expenses, $18,800 f. Depreciation of office building was $89,950; of office equipment, $45,650; and of factory equipment, $30,880 9. Factory overhead costs applied to jobs, $382,620 h. Jobs completed, $886,080 1. Cost of goods sold, $859,230 Required: Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank a. Materials purchased on account, $671,270. Entry Description Debit Credit b. Materials requisitioned, $563,870, of which $73,300 was for general factory use. Entry Description Debit Credit b. c. Factory labor used, $691,410, of which $131,370 was indirect. Entry Description Debit Credit C. d. Other costs incurred on account for factory overhead, S161,100; seling expenses, $248,370; and administrative expenses, $147,680. Entry Description Debit Credit d e. Prepaid expenses expired for factory overhead, $30,880; for selling expenses, $26,180; and for administrative expenses, $18,800. Entry Description Debit Credit f. Depreciation of office building was $89,950; of office equipment, $45,650; and of factory equipment, $30,880. Entry Description Debit Credit g. Factory overhead costs applied to jobs, $382,620. Entry Description Debit Credit h. Jobs completed, $886,080. Entry Description Debit Credit h. i. Cost of goods sold, $859,230. Entry Description Debit Credit