Reference no: EM132777562

Problem - Munson Co. uses a job order cost system. The following data summarize the operations related to production for July:

a. Materials purchased on account, $225,750.

b. Materials requisitioned, $217,600, of which $17,600 was for general factory use.

c. Factory labor used, $680,000, of which $72,300 was indirect.

d. Other costs incurred on account for factory overhead, $330,000; selling expenses, $180,000; and administrative expenses, $126,000.

e. Prepaid expenses expired for factory overhead, $27,500; for selling expenses, $8,100; and for administrative expenses, $5,250.

f. Depreciation of office building was $44,500; of office equipment, $16,800; and of factory equipment, $55,100.

g. Factory overhead costs applied to jobs, $548,000.

h. Jobs completed, $1,140,000.

i. cost of goods sold, $1,128,000.

Required - Make the entries to record the summarized operations.