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, $615,860 b. Materials requisitioned, $517,320, of which $67,250 was for general factory use c. Factory labor used, $634,340, of which $120,520 was indirect d. Other costs incurred on account for factory overhead, $147,810; selling expenses, $227,870; and administrative expenses, $135,490 e. Prepaid expenses expired for factory overhead, $28,330; for selling expenses, $24,020; and for administrative expenses, $17,240 f. Depreciation of office building was $82,530; of office equipment, $41,880; and of factory equipment, $28,330 9. Factory overhead costs applied to jobs, $351,040 h. Jobs completed, $812,940 1. Cost of goods sold, $788,300 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, $615,860. Entry a. Description Debit Credit Accounting numeric field b. Materials requisitioned, $517,320, of which $67,250 was for general factory use. Entry b. Description Debit Credit