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, $691,290 b. Materials requisitioned, $580,680, of which $75,490 was for general factory use c. Factory labor used, $712,030, of which $135,290 was indirect d. Other costs incurred on account for factory overhead, $165,910; selling expenses, $255,780; and administrative expenses, $152,080 c. Prepaid expenses expired for factory overhead, $31,800; for seling expenses. $26,960; and for administrative expenses, $19,360 1. Depreciation of office building was $92,630; of office equipment, $47,010; and of factory equipment, $31,800 9. Factory overhead costs applied to jobs, $394,040 h. Jobs completed, $912,500 1. Cost of goods sold, $884,850 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, $691,290