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Mathematics, 03.05.2021 22:50 milkshakegrande101
Velasco Co. uses a job order cost system. The following data summarize the operations related to production for July:
a. Materials purchased on account, $529,440
B. Materials requisitioned, $444,730, of which $57,810 was for general factory use
C. Factory labor used, $545,320, of which $103,610 was indirect
D. Other costs incurred on account for factory overhead, $127,070; selling expenses, $195,890; and administrative expenses, $116,480
E. Prepaid expenses expired for factory overhead, $24,350; for selling expenses, $20,650; and for administrative expenses, $ 14, 820
F. Depreciation of office building was \$70,940 ; of office equipment, $36,000; and of factory equipment, $24,350
G. Factory overhead costs applied to jobs, $301,780
h. Jobs completed , $698,860
I. Cost of goods sold, $ 677,680
Journalize the entries to record the summarized operations. If an amount box does not require an entry, leave it blank.
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