Part 1 - Job Order Costing Pet Flex, Workout Clothes for your Poodle, uses a job order cost system. The following data summarize the operations related to production in July. Assume SO starting balances. . Materials purchased for cash, $500,000 2 Materials requisitioned and factory labor used Job MaterialsFactory 501 502 503 504 Labor $28,000 $36,500 $18,700 $66,500$42,000 $37,000 $32,100 $33,000 $37,050 For $9,600 General Factory Use 3. Factory overhead costs incurred on account $20,000 4. Depreciation of machinery and equipment $24,000 5. The predetermined factory overhead rate is $25.00 per machine hour. Machine hours used are a. 501: 215 b. 502: 230 c. 503: 165 d. 504: 270 6. Jobs completed are 501, 502, 503 7. Jobs were shipped and customers were billed as follows a. 501: $400,000 b. 502: $410,000 REQUIRED: Journalize the required entries to record the above summarized operations