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. 8,000/= was bought on credit, out of these, materials worth 5,000/= were returned to the suppliers. 50,000/ - was issued from the store Indirect materials issued amounted to 5,000/= Direct wages allocated to production amounted to 20,000/= Goods worth 200,000/ = were sold Finished goods worth 100,000/ = were transferred to the store. The cost of goods sold was 140,000/= Unpaid indirect expenses were 32,000/= . Indirect wages allocated amounted to 15,000/= Non-manufacturing overheads incurred amounted to 20,000/ = Overhead expenses charged to the jobs - 60,000/ = Required Prepare the stores ledger control A/c b) Factory overhead control A/c c) W.I.P. control A/c d) Costing P & LA/cDepartment Overhead(shs.) Absorption base 150,000 15,000 direct labour hours 200,000 25,000 direct labour hours 120,000 20,000 direct labour hours 300,000 30,000 machine labour hours Additional Information . Selling and administering overheads are changed at 10% of total production costs while the profit mark up is 25 of total costs: . An order for 2,000 units was received from a customer. The batch number of this order is 510. The following additional information in respect of this batch is provided below: Direct materials - 87,000/ = . Direct Labor - Dept A (150 direct labor hrs) - 12shs. Direct labor hour. o Dept B (40 direct labor hrs) @ 15shs. Per hr o Dept C (60 direct labor hrs) @20shs. Per hr o Dept D (100 direct labor hrs) @10shs. Per hr A total of 50 machine hours were used in this job Required Calculated the total cost of the batch b) Cost/ Unit c) Selling Price of the batch d) Selling Price unitDrawing discussions from law of Contract, widely discuss giving examples Situation from which assigment may take place and Scenario from which Party fails to perform obligations