Prepare the Journal entries and answer the following questions using the Job order Costing Method 1. Purchased $800 Raw Materials on Credit. 2. The Factory requests $710 Direct Materials and $100 indirect Materials from the Raw Materials Warehouse 3. The Factory incurs $1300 of Direct Labor and $900 Indirect Labor 4. Overhead is applied at 150% of the Direct Labor Cost. 5. The Factory has the following Actual Overhead costs: 1. Depreciation $400 2. Other Overhead $550 6. Finished Goods worth $3500 are transferred to the Finished Goods Warehouse 7. Goods that Cost $2700 are sold for $5500. 8. What is the Gross profit for the month? Show your calculation. 9. If Selling and Administrative expenses are $2000 what is the net income