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, $837,430 b. Materials requisitioned, $703,440, of which $91,450 was for general factory use c. Factory labor used, $862,550, of which $163,880 was indirect d. Other costs incurred on account for factory overhead, $200,980; selling expenses, $309,850; and administrative expenses, $184,230 e. Prepaid expenses expired for factory overhead, $38,520; for selling expenses, $32,660; and for administrative expenses, $23,450 f. Depreciation of office building was $112,220; of office equipment, $56,950; and of factory equipment, $38,520 g. Factory overhead costs applied to jobs, $477,340 h. Jobs completed, $1,105,410 i. Cost of goods sold, $1,071,910 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, $837,430. Entry a. Description Debit Credit b. Materials requisitioned, $703,440, of which $91,450 was for general factory use. Entry b. Description Debit Credit c. Factory labor used, $862,550, of which $163,880 was indirect. Entry Description Debit Credit d. Other costs incurred on account for factory overhead, $200,980; selling expenses, $309,850; and administrative expenses, $184,230. d. Other costs incurred on account for factory overhead, $200,980; selling expenses, $309,850; and administrative expenses, $184,230. Entry Description Debit Credit d. e. Prepaid expenses expired for factory overhead, $38,520; for selling expenses, $32,660; and for administrative expenses, $23,450. Entry Description Debit Credit f. Depreciation of office building was $112,220; of office equipment, $56,950; and of factory equipment, $38,520. Entry f. Description Debit Credit g. Factory overhead costs applied to jobs, $477,340. Entry Description Debit Credit f. Depreciation of office building was $112,220; of office equipment, $56,950; and of factory equipment, $38,520. Entry Description g. Factory overhead costs applied to jobs, $477,340. Entry 9. Description h. Jobs completed, $1,105,410. Entry h. Description i. Cost of goods sold, $1,071,910. Entry Description Debit Credit Debit Credit Debit Credit Debit Credit