Identify an industry where a job costing system is applicable. Assume the data as given below related to the production for a month :

1. Purchase of material (specify cash or credit) OMR __2000______.
2. Materials requisitions:

            Job No:_1__ OMR__4000_

Job No:__2_ OMR__6000_

Job No:_3__ OMR__1000_

Job No:__4_ OMR_3000__

Job No: _5__ OMR__4000_

c. Direct labour

Job No:__1_ OMR_3000__

Job No:__2_ OMR__1000_

Job No:__3_ OMR_5000__

Job No:__4_ OMR_4000__

Job No:__5_ OMR__6000_

4. Indirect material OMR __3500____
5. Indirect labour OMR ___2000___
6. Factory overhead costs incurred on account OMR __2000____
7. Depreciation OMR _1500_____
8. Factory overhead applied as a percentage of direct labor - _4__%
9. Completed jobs: write jobs completed (assume four jobs as completed)
10. Jobs sold: Write jobs sold (assume three jobs are sold and write the selling price for each job sold)1

Required:

1. Compute the cost of the finished jobs
2. Compute the cost of work in the process
3. Compute the cost of the job sold
4. Compute the profit on the job sold
5.