Q1: Ashfin Corporation produces special products to customers specifications and uses job order cost system .The following data relates to its operations for the month of December 2018.

1. Purchase raw material on account Rs.50, 000
2. Material issued to factory Rs.35, 000 out of which 5,000 was for indirect use.
3. Labor incurred on production Rs.55, 000 out of which Rs.5, 000 was for indirect use.
4. Factory overhead was applied 125% of direct labor cost.
5. Factory overhead cost incurred Rs.30, 000.
6. Factory supplies used Rs.1,000.
7. Depreciation on factory machine and building Rs.10,000 and 5,000 respectively.
8. Jobs were completed to the extent of 90%.
9. Goods sold on account Rs.150, 000.
10. Finished goods inventory Rs.15,000.

Record the above transactions in general journal and adjust factory overhead account.