Al Nida Advertising & Publishing Company uses a job-order costing system in the business. In the month of November 2019, the company received four orders from its customers. The job publishing cards for each job were labeled as Ad011, Ad012, Ad013, and Ad014. Material and labor used for the jobs are as follows: Ad011 - Material RO 42,000

Labor RO 25,000 Ad012

- Material RO 32,500

Labor RO 18,720 Ad013

- Material RO 21,120

Labor RO 15,700

Ad014 - Material RO 16,250

Labor RO 18,200

General Production expense

Material RO 32,850

Labor RO 13,150

The company purchased material amounting to RO 157,000, factory overhead cost incurred on account for these jobs was RO 22,750, Depreciation of machinery amounted to RO 11,100, and the company incurred factory overhead rate at 75% of direct material cost.

Job numbers completed by the company are Ad012 and Ad013. Both the jobs are shipped and billed for RO 78,285 and RO 50,000, respectively.

You are asked to pass necessary journal entries to record the information summarized below and find out profit or loss for the completed and shipped jobs.