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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. $ 786,460 b. Materials requisitioned, $660,630, of which $85,880 was for general factory use c. Factory labor used, $810,050, of which $153,910 was indirect d. Other costs incurred on account for factory overhead, $188,750; selling expenses, $290,990; and administrative expenses, $173,020 e. Prepaid expenses expired for factory overhead, $36,180; for selling expenses, $30,670; and for administrative expenses, $22,020 f. Depreciation of office building was $105,390; of office equipment, $53,480; and of factory equipment, $36,180 9. Factory overhead costs applied to jobs, $448,280 h. Jobs completed, $1,038,130 1. Cost of goods sold, $1,006,670 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, $786,460 Entry Description Debit Credit b. Materials requisitioned, $660,630, of which $85,880 was for general factory use. Entry Description Debit Credit b. c. Factory labor used, $810,050, of which $153,910 was indirect. Description Debit Credit Entry C d. Other costs incurred on account for factory overhead, $188,750; selling expenses, $290,900; and administrative expenses, $173,020. Entry Description Debit Credit d. Administrative Expenses e. PreAccounts Payable factory overhead, $36,180; for selling expenses, 530,670; and for administrative expenses, $22,020. Factory Overhead Entry Finished Goods Credit Selling Expenses Debit e. Prepaid expenses expired for factory overhead, $36,180; for selling expenses, $30,670; and for administrative expenses, $22,020. Description Credit Entry Debit 1. Depreciation of office building was $105,390; of office equipment. $53,490; and of factory equipment. $36,180. Entry Description Debit Credit g. Factory overhead costs applied to jobs, $448,280. Entry Description Debit Credit g. h. Jobs completed, $1,038,130. Entry Description Debit Credit h. i. Cost of goods sold, $1,006,670. ho Entry Description Debit Credit