QUESTION 3: The following data relates to M/s Alpine Co. for the month of September, 2012. a. Material purchased on account Rs.120,000 b. Material requisitioned and Factory labor used Job No. 501 Job No. 502 Job No. 503 Job No. 504 Job No. 505 Job No. 506 Final Material Rs. 13,000 E Factory-Labor Final Exa Exam Rs.19,000 15,520 14,0800 9,000 22,400 17,600 20,800 14,000 Ex 7,200 7,000 3,600 2,900 Exam 6,400 For general factory use c. Factory overhead cost incurred on account Rs.68,800 d. Depreciation of machinery Rs.10,400 e. The factory overhead rate is 110% of direct labor cost f. Job completed: No. 501, 503, 504 and 506 Examinat (10 Marks) g. Job no. 501, 503 and 504 were shipped and customers were billed for Rs. 84,000, Rs. 85,000 and Rs. 100,000 Required: Record the transactions in general journal and close the factory overhead account