Prepare a Cost of Production from the following particulars in the books of Gulf News at the end of $31$st March $2023$:Raw material purchasedFreight chargesSale of wastage of materialDirect WagesOverhead expensesFactory OverheadsGeneral and administrative expensesSelling and distribution expensesProfitOpening stock$150,000$ SAR$5,000$ SAR$1,500$ SAR$25,000$ SAR$30,000$ SAR$25\%$ of Prime Cost$10\%$ of Factory Cost$5\%$ of production cost$15\%$ on SalesClosing stockRaw materialWork in progress$10,000$ SAR$20,500$ SAR$15,000$ SAR$19,875$ SARSolution: