Munson Co. uses a job order cost system. The following data summarize the operations related to production for July July Materials purchased on account, $663,320 1 2 31 31 Materials requisitioned, $618,780, of which $71,310 was for general factory use Factory labor used, $640,350, of which $88,200 was indirect Other costs incurred on account for factory overhead, $140,430; selling expenses, $245,050; and administrative expenses, $145,440 Prepaid expenses expired for factory overhead, $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 Factory overhead costs applied to jobs, $365,760 Jobs completed, $1,017,410 Cost of goods sold, $911,220 31 31 31 31 31 the entries to record the summarized operations. Refer to the Chart of Accounts for exact wording of account titles Show Me How eBook Journalize no entries to record the summarized operations. Refer to the Chart of Accounts for exact wording of account titles. PAGE 10 ACCOUNTING EQUATION OURNAL ASSETS LIABILITIES EQUITY DEBIT CREDIT POST REF DATE