Question - 4 Exact Company uses a Job order cost accounting system. The following information was provided for the month of March Purchases of direct material during the month amounted to Rs. 70,900 on account -) Material requisitions issued by the production department during the month total to Rs. 60,300 Time cards of direct workers show 2,500 hours worked on various jobs during the month, for total direct labour cost of Rs. 37,500 m) Direct workers were paid Rs. 28,700 in March 1) Actual overhead cost for the month amounted to Rs. 40,300 Overhead is applied to jobs at a rate of Rs. 18 per direct labour hour Jobs with total accumulated cost of Rs. 126,800 were completed during the month a) On March 31, finished goods inventory was valued at Rs. 12,000 ) During March finished goods were sold for Rs. 175,000 on account REQUIRED Prepare general journal entries for each of the above transactions (including cost of goods sold and closing of factory overhead account)