(4), (5) You are given the following information concerning inventory movements in a firm for April as recorded in the General Ledger. [Note: You may perform calculations below. Workings in your answer book are not required for these parts.] RAW MATERIALS 7,000 1/4 Opening Balance Creditors (-Purchases) 1/5 Balance c/d (next month) Work in Progress 30/4 Closing Balance 12.000 12,000 WORK IN PROGRESS 1/4 Opening Balance Raw materials Direct Labour Overhead Applied 1/5 Balance c/d (next month) Finished Goods 24,000 30/4 Closing Balance 21,000 25.000 24,000 FINISHED GOODS 1/4 Opening Stock Work in Progress 1/5 Balance c/d (next month) Cost of goods Sold Closing Balance 110,000 20,000 30/4 20,000 COST OF GOODS SOLD 110.000 Finished Goods P&L Account 110.000 You are also told: (a)Closing Work in Progress is three times larger than Opening work in Progress. (b)Overhead is applied to Work in Progress at 150% of Direct Material Cost. Required: What was the value of purchases in April? (4) What was the value of goods transferred from WiP to Finished Goods