Reference no: EM133177712
Question - Entries for Costs in a Job Order Cost System - Veiasco Co. uses a job order cost system. The following data summarize the operations related to production for July:
a. Materials purchased on account, $509,410
b. Materials requisitioned, $427,900, of which $55,630 was for general factory use
c. Factory labor used, $524,690, of which $99,690 was indirect
d. Other costs incurred on account for factory overhead, $122,260; selling expenses, $183,480; and administrative expenses; $112,070
e. Prepaid expenses expired for factory overhead, $23,430; for selling expenses, $19,870; and for administrative expenses, $14,260
f. Depreciation of office building was $68,260; of office equipment, $34,640; and of factory equipment, $23,430
g. Factory overhead costs applied to jobs, $290,360
h. Jobs completed, $672,420
i. Cost of goods sold, $652,040
Required - Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.
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