ACC 512 Job Costing Case Pine Valley Catering uses a job order cost system. The following data summarize the operations related to the month of October, the first month of operations: a. Materials purchased for $10,000 in cash. b. Material requisitioned and labor used Job Number 100 101 102 103 General Factory use Materials Direct Labor $1,500 400 1,000 200 1.400 $4,000 1,800 100 400 300 Factory overhead cost incurred in cash, $1,050 Depreciation of machinery, $700 Factory overhead applied at a rate of 50% of direct labor costs Jobs completed: s, 100, 101, and 102 Jobs 100, and 101, were billed to customers at $6,000 and $3,000 respectively Adjust the Cost of Goods Sold Account for the under-or-over applied overhead c. d. e. g. h. Journalize the above transactions