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Entries for Costs in a Job Order Cost System GIA Co. uses a job order cost system. The following data summarize the operations related to production for May: a. Materials purchased on account, $531,760. b. Materials requisitioned, $446,680, of which $58,070 was for general factory use. C. Factory labor used, $547,710, of which $104,060 was indirect. d. Other costs incurred on account for factory overhead, $127,620; selling expenses, $196,750; and administrative expenses, s 116,990. e. Prepaid expenses expired for factory overhead were $24,460; for selling expenses, $20,740; and for administrative expenses, $14,890, f. Depreciation of office building was $71,260; of office equipment, $36,160; and of factory equipment, $24,460, g. Factory overhead costs applied to jobs, $303,100 h. Jobs completed, $701,920. i. Cost of goods sold, $680,650 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, $531,760. ntry Description Debit Credit a. b. Materials requisitioned, $446,680, of which $58,070 was for general factory use. Entry Debit Credit c. Factory labor used, $547,71 Entry C. indirect. Accounting numeric field Credit