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, $650,720 b. Materials requisitioned, $546,600, of which $71,060 was for general factory use c. Factory labor used, $670,240, of which $127,350 was indirect d. Other costs incurred on account for factory overhead, $156,170; selling expenses, $240,770; and administrative expenses, $143,160 e. Prepaid expenses expired for factory overhead, $29,930; for selling expenses, $25,380; and for administrative expenses, $18,220 f. Depreciation of office building was $87,200; of office equipment, $44,250; and of factory equipment, $29,930 g. Factory overhead costs applied to jobs, $370,910 h. Jobs completed, $858,950) i. Cost of goods sold, $832,920 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, $650,720. a. Materials purchased on account, $650,720. Entry a. Description Debit Credit b. Materials requisitioned, $546,600, of which $71,060 was for general factory use. Entry Description Debit Credit b. c. Factory labor used, $670,240, of which $127,350 was indirect. Entry Description Debit Credit C. d. Other costs incurred on account for factory overhead, $156,170; selling expenses, $240,770; and administrative expenses, $143,160. Entry Description Debit Credit d. e. Prepaid expenses expired for factory overhead, $29,930; for selling expenses, $25,380; and for administrative expenses, $18,220. Entry Description. Debit Credit f. Depreciation of office building was $87,200; of office equipment, $44,250; and of factory equipment, $29,930. Entry Description g. Factory overhead costs applied to jobs, $370,910. Entry 9. Description h. Jobs completed, $858,950. Entry h. Description Debit Credit Debit Credit Debit Credit i. Cost of goods sold, $832,920. Entry Description Debit Credit