Entries for Costs in aJob Order Cost System

Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March:

1. Materials purchased on account, $754,360.
2. Materials requisitioned, $633,660, of which $82,380 was for general factory use.
3. Factory labor used, $776,990, of which $147,630 was indirect.
4. Other costs incurred on account for factory overhead, $181,050; selling expenses, $279,110; and administrative expenses, $165,960.
5. Prepaid expenses expired for factory overhead were $34,700; for selling expenses, $29,420; and for administrative expenses, $21,120.
6. Depreciation of factory equipment was $34,700; of office equipment, $51,300; and of office building, $101,080.
7. Factory overhead costs applied to jobs, $429,990.
8. Jobs completed, $995,760.
9. Cost of goods sold, $965,580.

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, $754,360.

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Credita.

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b.Materials requisitioned, $633,660, of which $82,380 was for general factory use.

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c.Factory labor used, $776,990, of which $147,630 was indirect.

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Creditc.

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d.Other costs incurred on account for factory overhead, $181,050; selling expenses, $279,110; and administrative expenses, $165,960.

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e.Prepaid expenses expired for factory overhead were $34,700; for selling expenses, $29,420; and for administrative expenses, $21,120.

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f.Depreciation of factory equipment was $34,700; of office equipment, $51,300; and of office building, $101,080.

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g.Factory overhead costs applied to jobs, $429,990.

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Debit

Creditg.

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h.Jobs completed, $995,760.

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Debit

Credith.

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i.Cost of goods sold, $965,580.

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Debit

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