Question 1 .b) Mesi manufacturing company manufactures engines that are made only on customers orders and their specifications. During January, the company worked on jobs 2525,2526,2527,2528. The following figures summarise the cost records for the month:

	Job 2525 (200 units)	Job 2526 (120 units)	Job2527 (50 Units)	Job 2528 (200 units)
Direct material put into process:
July 2;	30,000	10,000
18;	40,000	32,000	10,000
22;	30,000	2,000	20,000	12,000
28;			7,000	4000
Direct Labour Cost(week ending)
July 2;	2,000	2,000
9;	54,000	18,000
16;	64,000	54,000
23;	40,000	6,000	10,000	1000
30;			36,000	23,000
Factory overhead;	120,000	64,000	35,000	21,000
Engines Completed	100	60	25

Jobs 2525 and 2526 have been completed and delivered to the customers at a total selling price of OMR852,000,on account. Job 2527 is finished but has not yet been delivered. Job 2528 is still in process. There was no work in progress at the beginning of the month.

Required:

1. Prepare the summary journal entries for the month to record the distribution of materials, labour and overhead costs.
2. Prepare a summary showing the total cost of each job completed during the month or in process at the end of the month. Also. Determine the cost of inventories of completed engines and engines in process at the end of the month.
3. Prepare the journal entries to record the completion of the jobs and the sale of the jobs.
4. Prepare a statement of cost of goods manufactured.