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 2. Materials purchased on account, $662,950 b. Materials requisitioned, $556,880, of which $ 72,390 was for general factory use c. Factory labor used, $682,840, of which $129,740 was indirect d. Other costs incurred on account for factory overhead, $159,110; selling expenses, $245,290, and administrative expenses, $145,850 e. Prepaid expenses expired for factory overhead, $30,500; for selling expenses, $25,860; and for administrative expenses, $18,560 1. Depreciation of office building was $88,840; of office equipment, 545,080; and of factory equipment, $30,500 9. Factory overhead costs applied to jobs, $377,880 h Jobs completed, 5875,090 Cost of goods sold, $848,580 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, 5662,950 Entry Description Debit Credit b. Materials requisitioned, $556,680, of which $72,390 was for general factory use Entry Description Debit Credit c. Factory labor used, $682,840, of which $129,740 was indirect. Entry Description Debit Credit d. Other costs incurred on account for factory overhead, $159, 110; selling expenses, $245,290; and administrative expenses, $145,850. Entry Description Debit Credit d e. Prepaid expenses expired for factory overhead, 530,500; for selling expenses, $25,860; and for administrative expenses, $18,560. Entry Description Debit Credit f. Depreciation of office building was 588,840: of office cauipment. 545 080-and of factory equipment $30.500, f. Depreciation of office building was $88,840; of office equipment, $45,080; and of factory equipment, $30,500. Entry Description Debit Credit g. Factory overhead costs applied to jobs, $377,880 Entry Description Debit Credit 9 h. Jobs completed, $875,090. Entry Description Debit Credit h i. Cost of goods sold, $848,580. Entry Description Debit Credit g. Factory overhead costs applied to jobs, $377,880. Entry Description Debit Credit 9 h. Jobs completed, $875,090. Entry Description Debit Credit h. i. Cost of goods sold, $848,580. Entry Description Debit Credit