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Please assist and provide steps. Entries for Costs in a Job Order Cost System GIA Co. uses a job order cost system. The following data
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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, $694,580 b. Materials requisitioned, $583,450, of which $75,850 was for general factory use. c. Factory labor used, $715,420, of which $135,930 was indirect. d. Other costs incurred on account for factory overhead, $166,700; selling expenses, $256,990; and administrative expenses, $152,810. e. Prepaid expenses expired for factory overhead were $31,950; for selling expenses, $27,090; and for administrative expenses, $19,450 f. Depreciation of office building was $93,070; of office equipment, $47,230; and of factory equipment, $31,950 g. Factory overhead costs applied to jobs, $395,910 h. Jobs completed, $916,850. i. Cost of goods sold, $889,060
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