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, $807,990 b. Materials requisitioned, $670,710, of which $88,230 was for general factory use c. Factory labor used, s832,230, of which $158,120 was indirect d. Other costs incurred on account for factory overhead, $193,920: selling expenses, $298,960; and administrative expenses, $177,760 e. Prepaid expenses expired for factory overhead, $37,170; for selling expenses, $31.510; and for administrative expenses, $22,620 f. Depreciation of office building was $108,270; of office equipment, $54,940; and of factory equipment, $37,170 g. Factory overhead costs applied to jobs, $460,550 h. Jobs completed, $1,066,550 i. Cost of goods sold, $1,034,230 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, $807,990. Entry Description a Materials Debit Credit Accounts Payable b. Materials requisitioned, $678,710, of which $88,230 was for general factory use. Entry Description Work in Process Factory Overhead Materials Debit Credit