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2. On Jan. 1, 2019 a manufacturing organization had two jobs in process i.e. Job No. 101 and Job No. 102 with total cost of Rs. 50,000 and Rs. 65,000 respectively. During the month five new jobs were started i.e. Job No. 103, 104, 105, 106 and 107. The direct material and direct labour cost incurred during the month on different jobs was as under: 107 Job No. Direct Material Direct Labour 101 30,000 10,000 102 15,000 6,000 103 40,000 20,000 104 55,000 30,000 105 70,000 38,000 106 80,000 45,000 30,000 20,000 The factory overhead was applied @ 150% of direct labour cost. During the month Job. No. 101, 102, 103, 104 and 105 were completed and transfeered to finished goods inventory and later were shipped to the customers. The jobs 101 to 105 were sold for cash Rs. 700,000. Job No. 106 and 107 were still in process at the end of the month. Required: i. Calculate the following: (08) a. Work in process inventory as at Jan. 1, 2019 b. Work in process inventory as at Jan. 31, 2019 c. Total manufacturing cost charged to work in process during January, 2019 d. Cost of goods manufactured during January, 2019 ii. Record the following in General Journal (04) a. Direct material cost charged to work in process during the month b. Direct labour cost charged to work in process during the month c. Factory overhead applied during the month d. Transfer of completed jobs to finished goods inventory during the month