Royal Technology Company uses a job order cost system. The following data summarize the operations...

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Accounting

Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March:
Materials purchased on account, $770,000.
Materials requisitioned, $680,000, of which $75,800 was for general factory use.
Factory labor used, $756,000, of which $182,000 was indirect.
Other costs incurred on account for factory overhead, $245,000; selling expenses, $171,500; and administrative expenses, $110,600.
Prepaid expenses expired for factory overhead were $24,500; for selling expenses, $28,420; and for administrative expenses, $16,660.
Depreciation of factory equipment was $49,500; of office equipment, $61,800; and of office building, $14,900.
Factory overhead costs applied to jobs, $568,500.
Jobs completed, $1,500,000.
Cost of goods sold, $1,375,000.
Required: 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, $770,000.
Entry Description Debit Credit
a.
fill in the blank 2
fill in the blank 3
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b. Materials requisitioned, $680,000, of which $75,800 was for general factory use.
Entry Description Debit Credit
b.
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fill in the blank 11
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fill in the blank 15
c. Factory labor used, $756,000, of which $182,000 was indirect.
Entry Description Debit Credit
c.
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d. Other costs incurred on account for factory overhead, $245,000; selling expenses, $171,500; and administrative expenses, $110,600.
Entry Description Debit Credit
d.
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e. Prepaid expenses expired for factory overhead were $24,500; for selling expenses, $28,420; and for administrative expenses, $16,660.
Entry Description Debit Credit
e.
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f. Depreciation of factory equipment was $49,500; of office equipment, $61,800; and of office building, $14,900.
Entry Description Debit Credit
f.
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g. Factory overhead costs applied to jobs, $568,500.
Entry Description Debit Credit
g.
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h. Jobs completed, $1,500,000.
Entry Description Debit Credit
h.
fill in the blank 68
fill in the blank 69
fill in the blank 71
fill in the blank 72
i. Cost of goods sold, $1,375,000.

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