Entries for costs in job order costing

Chart of Accounts

Instructions

Marinja Company uses job order costing. The following data summarize the operations related to production for May:

May $1$ Materials purchased on account, $$320,000.$

$2$ Materials requisitioned, $$292,100,$ of which $$8,600$ was for general factory use.

$31$ Factory labor used, $$487,500$ of which $$33,000$ was indirect.

$31$ Other costs incurred on account for factory overhead, $$610,000$; selling expenses, $$142,000$; and administrative expenses, $$105,000.$

$31$ Prepaid expenses expired for factory overhead were $$22,000$; for selling expenses, $$5,000$; and for administrative expenses, $$4,000.$

$31$ Depreciation of office building was $$29,000$; of office equipment, $$6,500$; and of factory equipment, $$68,000.$

$31$ Factory overhead costs applied to jobs, $$712,000.$

$31$ Jobs completed, $$1,426,000.$

$31$ Cost of goods sold, $$1,378,000.$

Required:

Journalize the entries to record the summarized operations.