The following information for the year ending December 31, 2001 is obtained from the books and records of a factory:

(i). Consolidated completed jobs acount,

(ii). Consolidated work-in-progress account.  

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Raw materials supplied from stores Wages Chargeable expenses Materials transferred to work-in-progress Materials returned to stores Completed jobs Rs. 90,000 1,00,000 10,000 2,000 1,000 Factory overheads is 80% of wages and office overhead is 25% of factory cost. The value of executed contracts during 2002 was Rs. 4,10,000. Prepare the: Work-in-progress Rs. 30,000 40,000 4,000 2,000