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, $743,270 b. Materials requisitioned, $624,350, of which $81,170 was for general factory use c. Factory labor used, $765,570, of which $145,460 was indirect d. Other costs incurred on account for factory overhead, $178,380; selling expenses, $275,010; and administrative expenses, $163,520 e. Prepaid expenses expired for factory overhead, $34,190; for selling expenses, $28,990; and for administrative expenses, $20,810 f. Depreciation of office building was $99,600; of office equipment, $50,540; and of factory equipment, $34,190 g. Factory overhead costs applied to jobs, $423,660 h. Jobs completed, $981,120 i. Cost of goods sold, $951,390 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, $743,270. Entry a. Description Entry Debit Credit Chapter 19 Complex Homework assignment take frame b. Materials requisitioned, $624,350, of which $81,170 was for general factory use. Description Debit Check My Work 2 more Check My Work uses remaining. Credit