Cost Accounting ) The following transactions took place in ASAWER Manufacturing Company, assume that the company uses the perpetual system to account for the inventory, journalize the transactions, post them to the general ledger book, and calculate the balances of the following accounts: materials control, work-in process control, and finished goods control. 1. Purchase of Materials paying AED 150,000 cash. 2. Requisition of AED 110,000 direct materials and AED 20,000 Indirect Materials (OH) into production. 3. Incurred AED 45,000 Direct Labor Wages and AED 30,000 Indirect (OH) Labor Wages 4. AED 60,000 of various actual Indirect Costs incurred (including AED 17,000 Depreciation) 5. Indirect Costs (overhead) to be allocated to the Work-in-process account are AED 70,000. 6. AED 200,000 is the cost of Products completed and transferred out of production in preparation for being sold 7. Products are sold to customers on credit for AED 240,000, while the cost is AED 175,000. 8. Incurred (paid cash) AED 10,000 Marketing costs and AED15,000 customer service costs