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, $835,590 b. Materials requisitioned, $701,900, of which $91,250 was for general factory use c. Factory labor used, $860,660, of which $163,530 was indirect d. Other costs incurred on account for factory overhead, $200,540; selling expenses, $309,170; and administrative expenses, $183,830 e. Prepaid expenses expired for factory overhead, $38,440; for selling expenses, $32,590; and for administrative expenses, $23,400 f. Depreciation of office building was $111,970; of office equipment, $56,820; and of factory equipment, $38,440 g. Factory overhead costs applied to jobs, $476,290 h. Jobs completed, $1,102,980 i. Cost of goods sold, $1,069,560 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, $835,590. Entry Description Debit Credit a. b. Materials requisitioned, $701,900, of which $91,250 was for general factory use. Entry Description Debit Credit b. C. Factory labor used, $860,660, of which $163,530 was indirect. Entry Description Debit Credit C. d. Other costs incurred on account for factory overhead, $200,540; selling expenses, $309,170; and administrative expenses, $183,830. Entry Description Debit Credit d. Previous Next e. Prepaid expenses expired for factory overhead, $38,440; for selling expenses, $32,590; and for administrative expenses, $23,400. Entry Description Debit Credit e. f. Depreciation of office building was $111,970; of office equipment, $56,820, and of factory equipment, $38,440. Entry Description Debit Credit g. Factory overhead costs applied to jobs, $476,290. Entry Description Debit Credit 9. h. Jobs completed, $1,102,980. Entry Description Debit Credit h. i. Cost of goods sold, $1,069,560. Entry Description I Debit Credit I. Previo