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, $724,800 b. Materials requisitioned, $608,830, of which $79,150 was for general factory use c. Factory labor used, $746,540, of which $141,840 was indirect d. Other costs incurred on account for factory overhead, $173,950; selling expenses, $268,180; and administrative expenses, $159,460 e. Prepaid expenses expired for factory overhead, $33,340; for selling expenses, $28,270; and for administrative expenses, $20,290 f. Depreciation of office building was $97,120; of office equipment, $49,290; and of factory equipment, $33,340 g. Factory overhead costs applied to jobs, $413,140 h. Jobs completed, $956,740 i. Cost of goods sold, $927,740 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, $724,800. Entry Description Debit Credit b. Materials requisitioned, $608,830, of which $79,150 was for general factory use. Entry b. Description Debit Credit c. Factory labor used, $746,540, of which $141,840 was indirect. Entry Description Debit Credit d. Other costs incurred on account for factory overhead, $173,950; selling expenses, $268,180; and administrative expenses, $159,460. Entry Description Debit Credit d. e. Prepaid expenses expired for factory overhead, $33,340; for selling expenses, $28,270; and for administrative expenses, $20,290. Entry Description Debit Credit f. Depreciation of office building was $97,120; of office equipment, $49,290; and of factory equipment, $33,340. Entry Description Debit Credit f. g. Factory overhead costs applied to jobs, $413,140. Entry 9. Description h. Jobs completed, $956,740. Entry h. Description i. Cost of goods sold, $927,740. Entry i. Description Debit Credit Debit Credit Debit Credit