Velasco Ca uses a job order cost system. The following data summarize the operations related to production for July: July 1 Materials purchesed on account, $203,940 2. Materials requisitioned, $191,480, of which $15,530 was for general factory use 31 Factory labor used, $598,400, of which $63,620 was indirect 31 Other costs incurred on account for factory overhead, $290,400; selling expenses, $158,300 : and administrative expenses, $110,900 31 Prepaid expenses expired for factory overhead, $21,310; for seling expenses, $6,250; and for administrative expenses, $7,940 31. Depreciation of office buliding was $40,100; of office equipment, $13,500; and of factory equipment; $51,200 31 Factorv overhead costs aoolied to lobs. $452.240 administra:ive expenses, $7,940 31 Depreciation of office bulding was $40,100; of office equipment, $13,500; and of factory equipment, $51,200 31 Factory overthead costs applied to jobs, \$452,240 31 Jobs completed, $1,003,200 31 Cost ot goods sold, 5992,600 Required: Journalize the entries to reoord the summarized operafions. Fefer to the chart of accounts for the exact wording of the account bles. CWOW joumals do not use lines for joumal explanations. Every ine on a journal page is usod for dobit or credit entries. CWow joumals will automaticaly indent a credit entry when a credir amount is entered