Instructions Munson Co. uses a job order cost system. The following data summarize the operations related to production for July: July 1 Materials purchased on account, $663,320 2 Materials requisitioned, $618,780, of which $71,310 was for general factory use 31 Factory labor used, $640,350, of which $88,200 was indirect 31 Other costs incurred on account for factory overhead, $140,430; selling expenses, $245,050; and administrative expenses, $145,440 31 Prepaid expenses expired for factory overhead, $30,100; for selling expenses, $27,880; and for administrative expenses, $18,590 31 Depreciation of office building was $86,490; of office equipment, $45,350; and of factory equipment, $30,880 31 Factory overhead costs applied to jobs, $365,760 31 Jobs completed, $1,017,410 31 Cost of goods sold, $911,220 Journalize the entries to record the summarized operations. Refer to the Chart of Accounts for exact wording of account titles. Journal Shaded cells have feedback. ACCOUNTING EQUATION JOURNAL Score: 208/322 DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 Jul 1 Materials 663,320.00 1 2 Accounts Payable 663,320.00 1 3 Jul. 2 Work in Process 547,470.00 1 4 Factory Overhead 71,310.00 1 5 Materials 618,780.00 1 6 Jul. 31 Work in Process 552,150.00 1 7 Factory Overhead 88,200.00 1 8 640,350.00 9 Jul. 31 140,430.00 10 245,050.00 11 145,440.00 12 530,920.00 13 Jul. 31 30,100.00 14 27,880.00 15 18,590.00 16 76,570.00 12 530,920.00 13 Jul. 31 30,100.00 14 27,880.00 15 18,590.00 16 76,570.00 17 Jul. 31 86,490.00 18 45,350.00 19 30,880.00 20 162,720.00 21 Jul. 31 365,760.00 22 365,760.00 23 Jul. 31 1,017,410.00 24 1,017,410.00 25 Jul. 31 911,220.00 26 911,220.00