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PR 19-1A Entries for costs in a job order cost system OBJ. 2 Velasco Co....

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PR 19-1A Entries for costs in a job order cost system OBJ. 2 Velasco Co. uses a job order cost system. The following data summarize the operations related to production for July: a. Materials purchased on account, $203,940 b. Materials requisitioned, $191,480, of which $15,530 was for general factory use c. Factory labor used, $598,400, of which $63,620 was indirect d. Other costs incurred on account for factory overhead, $290,400; selling expenses, $158,300; and administrative expenses, $110,900 e. Prepaid expenses expired for factory overhead, $21,310; for selling expenses, $6,250; and for administrative expenses, $7,940 f. Depreciation of office building was $40,100; of office equipment, $13,500; and of factory equipment, $51,200 g. Factory overhead costs applied to jobs, $452,240 h. Jobs completed, $1,003,200 i. Cost of goods sold, $992,600 Instructions Journalize the entries to record the summarized operations

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