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CoursHeroTranscribedText: 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, $771,830 b. Materials requisitioned, $648,340, of which $84,280 was for general factory use c. Factory labor used, $794,980, of which $151,050 was indirect d. Other costs incurred on account for factory overhead, $185,240; selling expenses, $285,580; and administrative expenses, $169,800 e. Prepaid expenses expired for factory overhead, $35,500; for selling expenses, $30,100; and for administrative expenses, $21,610 f. Depreciation of office building was $103,430; of office equipment, $52,480; and of factory equipment, $35,500 g. Factory overhead costs applied to jobs, $439,940 h. Jobs completed, $1,018,820 i. Cost of goods sold, $987,940 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. a. Materials purchased on account, $771,830. Entry Description Debit Credit a. b. Materials requisitioned, $648,340, of which $84,280 was for general factory use. Entry Description Debit Credit bC. Factory labor used, $794,980, of which $151,050 was indirect. Entry Description Debit Credit C. d. Other costs incurred on account for factory overhead, $185,240; selling expenses, $285,580; and administrative expenses, $169,800. Entry Description Debit Credit d. e. Prepaid expenses expired for factory overhead, $35,500; for selling expenses, $30,100; and for administrative expenses, $21,610. Entry Description Debit Credit e.f. Depreciation of office building was $103,430; of office equipment, $52,480; and of factory equipment, $35,500. Entry Description Debit Credit f. g. Factory overhead costs applied to jobs, $439,940. Entry Description Debit Credit g. h. Jobs completed, $1,018,820. Entry Description Debit Credit h. i. Cost of goods sold, $987,940. Entry Description Debit Credit

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