Question # 3 (do my work in word file) Iqra inc. provided the following data for January, 19B: Materials and supplies:

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Question # 3 (do my work in word
file)
Iqra inc. provided the following data for January, 19B:
Materials and supplies:
Inventory, January 1, 19B
Rs.10,000
Purchases on account
30,000
Labour:
Accrued, January 1, 19B
3,000
Paid during January (ignore payroll taxes)
25,000
Factory overhead costs:
Supplies (issued from materials)
1,500
Indirect labour
3,500
Depreciation
1,000
Other factory overhead costs (all from outside suppliers on
account)
14,500
Work in process:
Job1
Job2
Job3
Total
Work in process January 1, 19B
Rs.
1,000
--
--
Rs. 1,000
Job costs during January, 19B:
Direct materials
4,000
Rs.6,000
Rs.5,000
15,000
Direct labour
5,000
8,000
7,000
20,000
Applied factory overhead
5,000
8,000
7,000
20,000
Job 1 started in December, 19A, finished during January, and
sold to a customer for
Rs.21,000
cash
Job 2 started in January, not yet finished.
Job 3 started in January, finished during January, and now in
the finished goods
inventory
awaiting customer's disposition
Finished goods inventory January 1, 19B.
Required:
Journal entries, with detail for the respective job orders and
factory overhead subsidiary records, to to record the following
transactions for the January: