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, $609,470 b. Materials requisitioned, $511,950, of which $66,550 was for general factory use c. Factory labor used, $627,750, of which $119,270 was indirect d. Other costs incurred on account for factory overhead, $146,270; selling expenses, $225,500; and administrative expenses, $134,080 e. Prepaid expenses expired for factory overhead, $28,040; for selling expenses, $23,770; and for administrative expenses, $17,070 f. Depreciation of office building was $81,670; of office equipment, $41,440; and of factory equipment, $28,040 g. Factory overhead costs applied to jobs, $347,400 h. Jobs completed, $804,500 1. Cost of goods sold, $780,120 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, $609,470. Entry Description Debit Credit b. Materials requisitioned, $511,950, of which $66,550 was for general factory use. Entry b. Description Debit Credit c. Factory labor used, $627,750, of which $119,270 was indirect. Entry Description Debit Credit C. d. Other costs incurred on account for factory overhead, $146,270; selling expenses, $225,500; and administrative expenses, $134,080. Description Entry Debit Credit d. e. Prepaid expenses expired for factory overhead, $28,040; for selling expenses, $23,770; and for administrative expenses, $17,070. Entry Credit Description Debit f. Depreciation of office building was $81,670; of office equipment, $41,440; and of factory equipment, $28,040. Entry Description g. Factory overhead costs applied to jobs, $347,400. Entry 9. Description Debit Credit Debit Credit h. Jobs completed, $804,500. Entry h. Description i. Cost of goods sold, $780,120. Entry Description Debit Credit Debit Credit