Factory overhead is applied to production based on direct labor cost. Jobs 101 and 102 are completed and sold during the month. The jobs are delivered to the customer at cost plus 40% mark up on cost. Required: Reconstruct all the entries made during the month of July following the flow of costs. Ex. 6-5 Reconstruction of entries On July 1 of the current year, the Work-in Process Inventory account has a balance of P22,800 while Raw Materials Inventory has a balance of P15,000 while the balance at the end of July is P18,000. Per Cost sheets: Job 101 Job 102 Direct materials P6,000 P8,000 Direct labor 3,000 ? 2,500 ? Dave Overhead Amount charged to work in process for the month of July: Direct materials Direct labor Job 101 Job 102 Job 103 Job 104 P3,000 P2,000 P6,000 P4,500 1,400 1,500 2,600 2,000