6.During June 2010, a company was engaged on three jobs, all of which were started on 1st June .The following, details relating to the jobs are available: Particulars Job No.101 Job No.102 Job No.103 Total Purchases of Materials 4,000 4400 2,800 11,200 Stores Issue 480 ------- 1,400 1,880 Direct Wages 1,800 1,400. 1,200 4,400 Materials returned to stores --- ---- 80 ---- Materials valued at 160 were transferred form Job No. 101 to Job No. 103. Overheads for the month amounted to 5,600 and overheads are absorbed at 120% of direct wages. Job No 102 was completed during the month and invoiced to the customer at 8,400. Prepare: (a) Job Cost Accounts, (b) Work-in-Progress Control Account, (c) Overheads Control Account; and (d) Costing Profit & Loss Account for June 2010.

6. 2010 , 1 : During June 2010, a company was engaged on three jobs, all of which were started on 1st June .The following, details relating to the jobs are available : 160 . 101 . 103 5,600 120% . 102 8,400 : (a) , (b) , (c) (d) 2010 - Materials valued at 160 were transferred form Job No. 101 to Job No. 103. Overheads for the month amounted to 5,600 and overheads are absorbed at 120% of direct wages. Job No 102 was completed during the month and invoiced to the customer at 8,400 . Prepare : (a) Job Cost Accounts, (b) Work-in-Progress Control Account, (c) Overheads Control Account; and (d) Costing Profit \& Loss Account for June 2010. Ans. Job No. 101 -Balance 8,280; Job No 102-Cost 7,480; Job No 103-Balance 6,920; Work-in-Progress Control A/c-Balance 15,200; Overheads Control A/c-Balance 320; Costing P\&L A/c-Profit 920