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, $525,840 b. Materials requisitioned, 5441,710, of which $57,420 was for general factory use c. Factory labor used, 5541,620, of which $102,910 was indirect d. Other costs incurred on account for factory overhead, $126,200; selling expenses, $194,560; and administrative expenses, $115,600 e. Prepaid expenses expired for factory overhead, $24,190; for selling expenses, $20,510; and for administrative expenses, $14,720 f. Depreciation of office building was $70,460; of office equipment, $35,760; and of factory equipment, $24,190 9. Factory overhead costs applied to jobs, $299,730 h. Jobs completed, 5694,110 Cost of goods sold, $673,080 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, $525,840. Entry Description Credit Debit b. Materials requisitioned, $441,710, of which $57,420 was for general factory use. Entry Description Debit Credit c. Factory labor used, $541,620, of which $102,910 was indirect. Entry Description Debit Credit C. K d. Other costs incurred on account for factory overhead, $126,200; selling expenses, $194,560; and administrative expenses, $115,680. Debit Entry Description Credit d. e. Prepaid expenses expired for factory overhead, $24,190; for selling expenses, $20,510; and for administrative expenses, $14,720. Entry Description Credit Debit f. Depreciation of office building was $70,460; of office equipment, $35,750; and of y equipe Entry Description Debit Credit 9. Factory overhead costs applied to jobs, $299,730. Entry Description Debit Credit 9. g. Factory overhead costs applied to jobs, $299,730. Entry Description Debit Credit 9. h. Jobs completed, $694,110. Entry Description Debit Credit