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The Excellent Company had the following inventories on April 1, 2019: $ 50,000 Raw Material Finished Goods 28,000 WIP - Material 2,000 WIP - Labour 30,000 WIP - FOH 12,000 During the month the cost of material purchased was $120,000, direct labor cost incurred was $160,000 and factory overhead applicable to production was $60,000, on April 30 inventories were: Raw Material 46,000 Finished Goods 44,000 WIP - Material 10,000 WIP - Labour 18,000 WIP - FOH 8,000 Required: Prepare Journal entries on April 30, to show the flow of cost through the proper summary accounts and also give the subsidiary records

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