Managerial Accounting: P17-1A GIA Co. uses a job order cost system

Managerial Accounting
P17-1A
GIA Co. uses a job order cost system. The following data summarize the operations related to production for August:
a. Materials purchased on account, $660,000
b. Materials requisitioned, $577,500, of which $73,500 was for general factory use.
c. Factory labor used, $681,500, of which $95,500 was indirect.
d. Other cost incurred on account were for factory overhead, $154,320; selling expenses, $244,440; and administrative expenses, $152,250.
e. Prepaid expenses expired for factory overhead were $30,450; for selling expenses, $25,830; and for administrative expenses, $18,690.
f. Depreciation of office building was $88,200; of office equipment, $45,150; and of factory equipment, $30,450.
g. Factory overhead costs applied to jobs, $375,500.
h. Jobs completed, $871,800.
i. Cost of goods sold, $860,000.
Journalize the entries to record the summarized operations.
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