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Question 1.b) Mesi manufacturing company manufactures engines that are made only on customer's orders and their specifications. During January, the company worked on jobs 2525,2526,2527,2528.

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Question 1.b) Mesi manufacturing company manufactures engines that are made only on customer's 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 Job 2528 (50 Units) (200 units) 30,000 40,000 30.000 10.000 32.000 2,000 10,000 20,000 7.000 12.000 4000 Direct material put into process: July 2; 18; 22: 28: Direct Labour Cost week ending) July 2: 9: 16: 23: 30; Factory overhead: Engines Completed 2.000 54,000 64,000 40,000 2.000 18,000 54,000 6,000 10,000 36,000 35,000 25 1000 23.000 21,000 120,000 100 64,000 60 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

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