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, $225,750.
2 materials requisitioned, $217,600, of which $17,600 was for general factory use.
31 factory labor used, $680,000, of which $72,300 was indirect.
31 other costs incurred on account for factory overhead, $330,000; selling expenses, $180,000; and administrative expenses, $126,000.
31 prepaid expenses expired for factory overhead were $27,500; for selling expenses, $8,100; and for administrative expenses, $5,250.
31 depreciation of office building was $44,500; of office equipment, $16,800; and of factory equipment, $55,100.
31 factory overhead costs applied to jobs, $548,000.
31 jobs completed, $1,140,000.
31 cost of goods sold, $1,128,000.
journalize the entries to record the summarized operations. refer to the chart of accounts for exact wording of account titles.

chart of accounts
munson co.
general ledger
assets
110 cash
121 accounts receivable
125 notes receivable
126 interest receivable
131 materials
132 work in process
133 factory overhead
134 finished goods
141 supplies
142 prepaid insurance
143 prepaid expenses
181 office building
191 office equipment
192 accumulated depreciation-buildings and equipment
liabilities
210 accounts payable
221 utilities payable
231 notes payable
236 interest payable
241 lease payable
251 wages payable
252 consultant fees payable
equity
311 common stock
340 retained earnings
351 dividends
390 income summary
revenue
410 sales
610 interest revenue
expenses
510 cost of goods sold
520 wages expense
531 selling expenses
532 insurance expense
533 utilities expense
534 office supplies expense
540 administrative expenses
561 depreciation expense-office building
562 depreciation expense-office equipment
590 miscellaneous expense
710 interest expense
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, $225,750.
2 materials requisitioned, $217,600, of which $17,600 was for general factory use.
31 factory labor used, $680,000, of which $72,300 was indirect.
31 other costs incurred on account for factory overhead, $330,000; selling expenses, $180,000; and administrative expenses, $126,000.
31 prepaid expenses expired for factory overhead were $27,500; for selling expenses, $8,100; and for administrative expenses, $5,250.
31 depreciation of office building was $44,500; of office equipment, $16,800; and of factory equipment, $55,100.
31 factory overhead costs applied to jobs, $548,000.
31 jobs completed, $1,140,000.
31 cost of goods sold, $1,128,000.
journalize the entries to record the summarized operations. refer to the chart of accounts for exact wording of account titles.

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chart of accounts

chart of accounts
munson co.
general ledger
assets
110 cash
121 accounts receivable
125 notes receivable
126 interest receivable
131 materials
132 work in process
133 factory overhead
134 finished goods
141 supplies
142 prepaid insurance
143 prepaid expenses
181 office building
191 office equipment
192 accumulated depreciation-buildings and equipment
liabilities
210 accounts payable
221 utilities payable
231 notes payable
236 interest payable
241 lease payable
251 wages payable
252 consultant fees payable
equity
311 common stock
340 retained earnings
351 dividends
390 income summary
revenue
410 sales
610 interest revenue
expenses
510 cost of goods sold
520 wages expense
531 selling expenses
532 insurance expense
533 utilities expense
534 office supplies expense
540 administrative expenses
561 depreciation expense-office building
562 depreciation expense-office equipment
590 miscellaneous expense
710 interest expense
journalize the entries to record the summarized operations. refer to the chart of accounts for exact wording of account titles.