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Entries for Costs in a Job Order Cost System Munson Co. uses a job order cost system. The following data summarize the operations related to production for July a. Materials purchased on account, $585,610 b. Materials requisitioned, $491,910, of which $63,950 was for general factory use c. Factory labor used, $603,180, of which $114,600 was indirect d. Other costs incurred on account for factory overhead, $140,550; selling expenses, $216,680; and administrative expenses, $128,830 e. Prepaid expenses expired for factory overhead, $26,940; for selling expenses, $22,840; and for administrative expenses, $16,400 f. Depreciation of office building was $78,470; of office equipment, $39,820; and of factory equipment, $26,940 9. Factory overhead costs applied to jobs, $333,800 h. Jobs completed, $773,010 I. Cost of goods sold, $749,580 Required: Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank. Credit a. Materials purchased on account, $585,610. Entry Description Debit a. Materials 585,610 Accounts Payable 585,610 b. Materials requisitioned, $491,910, of which $63,950 was for general factory use. Entry Description Debit Credit b. Work in Process Factory Overhead Materials C. Factory labor used, $603,180, of which $114,600 was indirect. Entry Description Debit Credit c. Work in Process Factory Overhead Wages Payable d. Other costs incurred on account for factory overhead, $140,550; selling expenses, $216,680; and administrative expenses, $128,830. Entry D escription Debit Credit d. Factory Overhead Selling Expenses Administrative Expenses Accounts Payable e. Prepaid expenses expired for factory overhead, $26,940; for selling expenses, $22,840; and for administrative expenses, $16,400. Entry Description Debit Credit Factory Overhead Selling Expenses Administrative Expenses Prepaid Expenses 1. Depreciation of office building was $78,470; of office equipment, $39,820; and of factory equipment, $26,940. Entry Description Debit Credit Depreciation Expense-Office Building Depreciation Expense-Office Equipment Factory Overhead Accumulated Depreciation-Buildings and Equipment

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