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Entries for Costs in a Job Order Cost System Velasco Co, uses a job order cost system, The following data summarize the operations related to production for July: a. Materials purchased on account, $490,400 b. Materials requisitioned, $411,940, of which $53,550 was for general factory use c. Factory labor used, $505,110, of which $95,970 was indirect d. Other costs incurred on account for factory overhead, $117,700; selling expenses, $181,450; and administrative expenses, $107,890 e. Prepaid expenses expired for factory overhead, $22,560; for selling expenses, $19,130; and for administrative expenses, $13,730 f. Depreciation of olfice building was $65,710; of office equipment, $33,350; and of factory equipment, $22,560 0. Factory overhead costs applied to Job5, $279,530 h. Jobs completed, $647,330 i. Cost of goods sold, $627,710 Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank. a. Materials purchased on account, $490,400. b. Materials requisitioned, $411,940, of which $53,550 was for general factory use. c. Factory labor used, $505,110, of which $95,970 was indirect. f. Depreciation of office building was $65,710; of office equipment, $33,350; and of factory equipment, $22,560. g. Factory overhead costs applied to jobs, $279,530. h. Jobs completed, $647,330. i. Cost of goods sold, $627,710

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