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Munson Co. uses a job order cost system. The following data summarize the operations related to production for July: a. Materials purchased on account, $750,580

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Munson Co. uses a job order cost system. The following data summarize the operations related to production for July: a. Materials purchased on account, $750,580 b. Materials requisitioned, $630,490, of which $81,960 was for general factory use c Factory labor used, $773,100, of which $146,890 was indirect d. Other costs incurred on account for factory overhead, $180,140; selling expenses, $277.710; and administrative expenses, $165,130 e. Prepaid expenses expired for factory overhead, $34,530; for selling expenses, $29,270; and for administrative expenses, $21,020 f. Depreciation of office building was $100,580; of office equipment, $51,040; and of factory equipment, $34,530 9. Factory overhead costs applied to jobs, $427,830 h. Jobs completed, $990,770 1. Cost of goods sold, $960,740 Required: Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Materials purchased on account, $750,580, Entry Description Debit Credit b. Materials requisitioned, $630,490, of which $81,960 was for general factory use. Entry Description Debit Credit b. C. Factory labor used, $773,100, of which $146,890 was indirect. Entry Description Debit Credit d. Other costs incurred on account for factory overhead, $180,140; selling expenses, $277.710; and administrative expenses, $165,13 Entry Description Debit Credit d. e. Prepaid expenses expired for factory overhead, $34,530; for selling expenses, $29,270; and for administrative expenses, $21,020. Entry Description Debit Credit f. Depreciation of office building was $100,580; of office equipment, $51,040; and of factory equipment, $34,530. Entry Description Debit Credit f. g. Factory overhead costs applied to jobs, $427,830. Entry Description Debit Credit g. h. Jobs completed, $990,770. Entry Description Debit Credit h. i. Cost of goods sold, $960,740. Entry Description Debit Credit

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