solve both parts A and B

Subject name is cost accounting

A) Question - 2 Ashfaq Corporation produces special products to customers specifications and uses job order cost system. The following data relates to its operations for the month of December, 2001 i) Purchased raw material on account Rs.52,000 ii) Material issued to factory Rs.43,000 of which Rs.4,000 was used Indirectly iii) Labour used: Direct Rs.65,000 Indirect Rs.5,500 Factory Overhead Cost incurred Rs.44,000 Factory Overhead is applied at 100% of Direct Labour Cost vi) Job were completed to the extent of 90% vii) Goods sold on account Rs.210,000 viii) Finished Goods Inventory valued at Rs.12,000 Required: Record the above transactions in general journal and closed the factory overhead account B) The information below is taken from the financial statements of Rizwan Company at the end of year 2001 i) Goods in process inventory December 31, 2001 Rs. 25,000 ii) Cost of raw material used 269,500 iii) Cost of goods manufactured 462,000 iv) Factory overhead (75% of Direct Labour Cost) 82,500 Required: Compute the cost of goods in process inventory at January 1, 2001 B)