Cost records: 1. Material purchased on account OMR 140,000 b. Factory overhead cost incurred on account OMR 70,000 c. Plant and machinery balance as on 01.01.2019 OMR 400,000 d. Depreciation on plant machinery@ 12% pa e. The factory overhead rate is 120% of direct labour cost f. Jobs completed No:201,204 and 206 & Job no. 201 and 2 04 were shipped and customers were billed for OMR 90,000 and OMR 85,000 1. Material requisitioned and Factory labour used: Job NO Material Factory OMR) Labour (OMR) 12,000 20,000 8.000 16,520 11,500 13,080 18,500 18.800 6,200 206 13,000 6,000 4.200 3,500 .400 8 General Factory use Required: 5 Marks 1. Pass necessary journal entries to record the information summarized above 2. Prepare Work in process and Finished goods account 3 Marks 3. Calculate gross profit/loss if any for the quarter ending 31" December 2019 2 Marks