Direct Labor Question 3 The information given below has been taken from the records of Mazoon factory in respect of Completed jobs and work-in-progress. Completed Job Work in Progress Raw materials supplied 30,000 50,000 8,000 10,000 Direct expenses 1,500 3,000 2,000 Materials transferred to work in process 3,000 1,000 Production overhead are to be taken at 5% of labor cost. You are required to find out the cost completed Job and calculate profit or loss if any assuming that completed job invoiced to the customer at RO 100,000. [ 3 marks] Materials returned to stores