You are given the cost records for the quarter ending 31" March 2019 of Abby works LLC. The company maintains job order cost system. Details of cost transactions incurred during the quarter 1. Material purchased on account OMR 98,500 2. Factory overhead cost incurred on account OMR 78,000 c Plant and machinery balance as on 01.01.2019 OMR 480,000 d. Depreciation on plant machinery@ 7% p.a e. The factory overhead rate is 80% of direct labour cost f. Jobs completed No:401 and 403. g. Job no. 401 shipped and billed for OMR 55,000; 1. Material requisitioned and Factory labour used: Job NO. Material Factory Labour(OMR) Activate Windows To activate Window (OMR) 15.000 17.000 Job NO. Factory Labour(OMR) 401 Material (OMR) 15,000 17,000 13,500 17,000 402 13,520 403 404 18,500 10,080 18,700 26,200 10,800 405 General Factory use 22,000 6,200 Required: 1. Record journal entries. 5 Marks 2. Draw Work in process and Finished goods account 3 marks 3. Compute gross profit/loss if any for the quarter ending 31st December 2019 2Marks