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Royal Technology Company uses job order costing. The following data summarize the operations related to production for March: a. Materials purchased on account, $560,410.
Royal Technology Company uses job order costing. The following data summarize the operations related to production for March: a. Materials purchased on account, $560,410. b. Materials requisitioned, $470,740, of which $61,200 was for general factory use. c. Factory labor used, $577,220, of which $109,670 was indirect. d. Other costs incurred on account for factory overhead, $134,500; selling expenses, $207,350; and administrative expenses, $123,290. e. Prepaid expenses expired for factory overhead were $25,780; for selling expenses, $21,860; and for administrative expenses, $15,690. f. Depreciation of factory equipment was $25,780; of office equipment, $38,110; and of office building, $75,090. g. Factory overhead costs applied to jobs, $319,430. h. Jobs completed, $739,740. i. Cost of goods sold, $717,320. Required: Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.
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