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In: AccountingPine Valley Catering uses a job order cost system. The followingdata summarize the operations related...Pine Valley Catering uses a job order cost system. The followingdata summarize the operations related to the month of October, thefirst month of operations:Materials purchased for $10,000 in cash.Material requisitioned and labor used:Job NumberMaterialsDirect Labor100$1,500$4,0001014001,8001021,0002,100103200400General Factory use1,4001,300Factory overhead cost incurred in cash, $1,050Depreciation of machinery, $700Factory overhead applied at a rate of 50% of direct laborcostsJobs completed: Nos. 100, 101, and 102Jobs 100, and 101, were billed to customers at $6,000 and $3,000respectively.Adjust the Cost of Goods Sold Account for the under-or-overapplied overhead.Please show in details how do you Journalize the abovetransactions.