Prepare journal entries to record the following transactions and events for July usin order cost accounting system. July 1 Purchased materials on account, $300,000. July 3 Used material in production, $215,000 of which $15,000 was for general fac July 12 Incurred labor costs of $213,000, which $13,000 was for Indirect Labor. July 17 Overhead is applied for $137,000. July 25 Incurred depreciation on factory building for $9,200. July 26 Jobs costing $523,000 were completed. July 30 Jobs costing $210,000 were sold. co