Q4. ABC Company had the following inventories on May 1, 2019(amounts in SR) Raw Material 30,000 Finished Goods 40,000 WIP - Material 20,000 WIP - Labor 20,000 WIP - Manufacturing overhead 15,000 During the month, the cost of material purchased was 130,000 direct labor cost incurred was 140,000 and factory overhead applicable to production was 70,000, on May 31, inventories were: Raw Material 40,000 Finished Goods 50,000 WIP - Material 15,000 WIP - Labor 25,000 WIP Manufacturing overhead 10,000 Required: Prepare Journal entries on May 31, to show the flow of cost through the proper summary T accounts. Assume that sales values were 500,000 on credit. Q3. The following information relates to ALFAHD Corporation (AMOUNTS IN SAUDI RIYAL) Advertising Costs SR12,470 Administrative Salaries 28,700 Delivery Vehicle Depreciation 11,000 Factory Repair and Maintenance 910 Indirect Labor 11,700 Indirect Materials 9,360 Manufacturing Equipment Depreciation 2,080 Office Rent 42,300 President's Salary 160,000 Sales Revenue 450,000 Sales Salary 38,000 Required: How much were ALFAHD period costs and product costs? Q3. The following information relates to ALFAHD Corporation (AMOUNTS IN SAUDI RIYAL) Advertising Costs SR12,470 Administrative Salaries 28,700 Delivery Vehicle Depreciation 11,000 Factory Repair and Maintenance 910 Indirect Labor 11,700 Indirect Materials 9,360 Manufacturing Equipment Depreciation 2,080 Office Rent 42,300 President's Salary 160,000 Sales Revenue 450,000 Sales Salary 38,000 Required: How much were ALFAHD period costs and product costs