Q-5 Job Order Costing: Sadiq Company had the following inventories on July 01, 2009. Row material Rs. 50,000 Goods in process Rs. 39250 Finished goods. Rs. 23,000 The following transactions completed during the month of July: A. Material issued to factory Rs 40,000 of which Rs. 33,700 was used directly. B: Distributed labor cost for the month of July as follows: Direct labor Rs. 24,600 and indirect labor Rs. 3,900 C. Paid factory rent in cash Rs: 4,100. D. Paid for repair to factory machinery Rs.2,700. E. Depreciation of factory machinery Rs.4,700. F.,Other factory expenses incurred on account Rs.7,200. G. Applied F.O.H on the basis of 16,000 direct labor hours at Rs. 1.70 per hour. H. Value of goods completed and transferred to finished goods Rs 98,000., I. 80% of cost of goods available for sale were sold out. J. Sales on account Rs.165,000. K. Balance of factory overhead account was closed into the Cost of goods sold account. Required: Prepare general entries including the closing entry of F.00 h applied A/C