Easy Life produces screens for use in various smartphones. The company reports the following information at December 31. Easy Life began operations on January 31 earlier that same year. (Click the icon to view additional information.) Read the requirements. Requirement 1. What is the cost of direct materials used? The cost of direct materials used is S 31,000 Requirement 2. What is the cost of indirect materials used? The cost of indirect materials used is $ 5,000 Requirement 3. What is the cost of direct labor? The cost of direct labor is $ 63,500 Requirement 4. What is the cost of indirect labor? The cost of indirect labor is More info Work in Process Inventory 31,000 127,500 Wages Payable 77,000 Manufacturing Overhead Finished Goods Inventory 77,000 63,500 5,000 47,000 13,500 127,500 114,000 47,000 Balance 0 38,000 Print Done Raw Materials Inventory 54,000 36,000