Present entries to record the following summarized operations related to production for a company using a job order cost system $102,000 (a) Materials purchased on account (6) Materials requisitioned: For production orders 98,000 ( Factory labor used: 55,000 On production orders (d) Factory overhead costs incurred (actual) on account 121,000 110,000 (e) Factory overhead applied, based on machine hours () 263,000 Job #1 finished Job #1 sold to customer on account: Total cost Selling price to customer 263,000 750,000