Question 4

Entries for Costs in a Job Order Cost System Veiasco Co. uses a job order cost system. The following data summarize the operations related to production for July: a. Materials purchased on account, $509,410 b. Materials requisitioned, $427,900, of which $55,630 was for general factory use c. Factory labor used, $524,690, of which $99,590 was indirect d. Other costs incurred on account for factory overhead, $122,250; selling expenses, $188,480; and administrative expenses, $112,070 e. Prepaid expenses expired for factory overhead, $23,430; for selling expenses, $19,870; and for administrative expenses, $14,260 f. Depreciation of ofce building was $68,260; of ofce equipment, $34,640; and of factory equipment, $23,430 9. Factory overhead costs applied to jobs, $290,360 h. Jobs completed, $672,420 i. Cost of goods sold, $652,040 - ' Required: Gournalize the entries to record the summarized operations. If an amount box does not require an entry,_leave it plank. J