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:

1. Materials purchased on account, $582,900
2. Materials requisitioned, $489,640, of which $63,650 was for general factory use
3. Factory labor used, $600,390, of which $114,070 was indirect
4. Other costs incurred on account for factory overhead, $139,900; selling expenses, $215,670; and administrative expenses, $128,240
5. Prepaid expenses expired for factory overhead, $26,810; for selling expenses, $22,730; and for administrative expenses, $16,320
6. Depreciation of office building was $78,110; of office equipment, $39,640; and of factory equipment, $26,810
7. Factory overhead costs applied to jobs, $332,250
8. Jobs completed, $769,430
9. Cost of goods sold, $746,110

Required:

Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.

g. Factory overhead costs applied to jobs, $332,250.

Entry	Description	Debit	Credit
g.		fill in the blank 68	fill in the blank 69
		fill in the blank 71	fill in the blank 72

h. Jobs completed, $769,430.

Entry	Description	Debit	Credit
h.		fill in the blank 74	fill in the blank 75
		fill in the blank 77	fill in the blank 78

i. Cost of goods sold, $746,110.

Entry	Description	Debit	Credit
i.		fill in the blank 80	fill in the blank 81
		fill in the blank 83	fill in the blank 84