Entries for costs in a job order cost system

 

Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for    March:

 

a.    Materials purchased on account, $770,000.

 

b.    Materials requisitioned, $680,000, of which $75,800 was for general factory use.

 

c.     Factory labor used, $756,000, of which $182,000 was indirect.

 

d.    Other costs incurred on account for factory overhead, $245,000; selling expenses,

 

$171,500; and administrative expenses,  $110,600.

 

e.     Prepaid expenses expired for factory overhead were $24,500; for selling expenses,

 

$28,420; and for administrative expenses,  $16,660.

 

f.     Depreciation of factory equipment was $49,500; of office equipment, $61,800; and of office building, $14,900.

 

g.     Factory overhead costs applied to jobs, $568,500.

 

h.    Jobs completed, $1,500,000.

 

i.      Cost of goods sold, $1,375,000.

 

Instruction

 

Journalize the entries to record the summarized operations.