Job Costing - T Accounts Practice Problem 6 Problem 7.5. The following information for the year ended December 31, 2002 is obtained from the books and records of a factory. Factory overhead is 80% of wages and oftice overhead is 25% of factory cost. The price of the executed contracts during 2002 was Rs. 4,10,000. Prepare (i) Consolidated Completed Jobs Account showing the profit made or loss incurred, and also (ii) Consolidated Work-in-Progress Account