a.a..3. Labor costs incurred according to labor job tickets and payroll summary were as follows: Forming Finishing Total Week of 1/17/x9: Direct labor - job 101 P15,500 P3,500 P19,000 Direct labor - job 102 7,500 1,000 8,500 Indirect labor - forming department 5,500 5,500 Week of 1/24/x9: Direct labor - job 101 2,000 2,000 Indirect labor - finishing department 750 750 Total P28.500 PZ,250 P35,750 a.a..4. Additional factory overhead costs incurred by the forming department:Counting more, counting less Insurance expenses P12,000 Depreciation 1,500 Payroll taxes 2.000 Total P15,500 a.a..5. Factory overhead is applied to each job upon completion as follows: Forming department: 100% of direct labor pesos. Finishing department: 50% of direct labor pesos. a.a..6. Job 101 was completed on January 21 and job 102 was completed on January 25. Both jobs were transferred to the finished goods storeroom upon completion. a.a..7. Both jobs were picked up on January 25 by the customers, who paid cash. Required: Prepare journal entries for the above transactions.II. The RS Metal Company received two orders from customers on January 17,20x9: Assigned Job No. 101 SM Auto Parts placed an order for 10,000 aluminum rods, /4 inch diameter, 12 inches long. The price agreed upon for the order is P70,000. SM Auto Parts requested a completion date of January 21,20x9. 102 The Fortune Lamp Company placed an order for 3,000 aluminum switch plates of standard size. The price for this job is P30,000 and the requested completion date is January 25,20x9. Both jobs will be shaped in the forming department and cleaned in the finishing department. The RS Metal Company uses job order cost system. The following transactions relate to jobs 101 and 102: a.a..1. On January 7, 20x9, the purchasing department bought: 50,000 lb. of aluminum for P375,000; unit cost is P7.50/lb. 500 gallons of cleaning fluid for P25,000; unit cost P50/gal a.a..2. The following materials were requisitioned: Date Quantity Description Amount Forming Department Job 101 1/17 2,500 lb. Aluminum P18,750 Job 102 1/17 300 lb. Aluminum 2.250 Total P21,000 Finishing department 1/24 10 gal Cleaning fluid P 500 Total P 500