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Munson Co. uses a job order cost system. The following data summarize the operations related to production for July: July 1 2 Materials requisitioned, $618,780,

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Munson Co. uses a job order cost system. The following data summarize the operations related to production for July: July 1 2 Materials requisitioned, $618,780, of which $71,310 was for general factory use 31 Factory labor used, $640,350, of which $88.200 was indirect 31 Other costs incurred on account for factory overhead, $140,430; selling expenses, $245,050; and Materials purchased on account, $663,320. administrative expenses, $145,440 31 Prepaid expenses expired for factory overhead were $30,100; for selling expenses, $27,880; and for administrative expenses, $18,590. Depreciation of office building was $86,490; of office equipment, $45,350; and of factory equipment, $30,880. 31 31 Factory overhead costs applied to jobs, $365,760. 31 Jobs completed, $1,017,410 1 Cost of goods sold, $911,220 Journalize the entries to record the summarized operations. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 JOURNAL DATE DESCRIPTION POST. REF DEBIT CREDIT

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