PART 4 Quest Company manufactures electric drills to the exacting specifications of various customers. During April 2019, job 403 to produce 1,100 drills was completed at the following costs per unit: Direct materials S 20 Direct labor $ 16 Applied overhead $ 24 Total $ 60 Final inspection of job 403 disclosed 100 spoiled units. The spoiled drills were sold for $ 1,500. Required: Prepare the necessary journal entry (if any) to account for the spoilage (1) assuming the spoilage is attributable to job 403. (2) assuming the spoilage is attributable to all jobs