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Entries for Costs in a Job Order Cost System Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March: a. Materials purchased on account, $778,060, b. Materials requisitioned, $653,570, of which $84,960 was for general factory use. c. Factory labor used, $801,400, of which $152,270 was indirect d. Other costs incurred on account for factory overhead, $186,730; selling expenses, $287,880; and administrative expenses, $171,170. e. Prepaid expenses expired for factory overhead were $35,790; for selling expenses, $30,340; and for administrative expenses, $21,790. 1. Depreciation of factory equipment was $35,790; of office equipment, $52,910; and of office building, $104,260. 9. Factory overhead cpsts applied to jobs, $443,490. h Jobs completed, $1,027,040. 1. Cost of goods sold, $995,920. Required: Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blon 3. Materials purchased on account, $776,060, Entry Description Materials Credit Debit 778,060 Accounts Payable 778,060 b. Materials requisitioned, $653,570, of which $84,960 was for general factory use. Entry Description Debit b. Work in Process Credit Factory Overhead Materials c. Factory labor used, $801,400, of which $152,270 was indirect. Entry Description Debit Credit C. Work in Process Factory Overhead Wages Payable d. Other costs incurred on account for factory overhead, $186,730; selling expenses, $287,880; and administrative e Entry Description Debit Credit d. Factory Overhead Selling Expense Administrative Expenses Accounts Payable e. Prepaid expenses explred for factory overhead were $35,790; for selling expenses, $30,340; and for administrative expense Entry Description Debit Credit Factory Overhead Selling Expenses e. Administrative Expenses Prepaid Expenses 1. Depreciation of factory equipment was $35,790; of office equipment, $52,910; and of office building, $104,260 Debit Credit Entry Description Factory Overhead Depreciation Expense-Office Equipment Depreciation Expense-Oria Building Accumulated Depreciation Buildings and Equipment Debit Credit 9. Factory overhead costs applied to jobs, 3443,490, Entry Description Work in Process 9 Factory Overhead Debit Credit h. Jobs completed, $1,027,040 Entry Description th Finished Goods Work in Process Debit Credit g. Factory overhead costs applied to jobs, $443,490. Entry Description 9. Work in Process Factory Overhead h. Jobs completed, $1,027,040. Entry Description h. Finished Goods Debit Credit Work in Process I. Cost of goods sold, $995,920. Entry Description Cost of Goods Sold Debit Credit Finished Goods