ework Help Save Bowen Company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. denominator. The company purchased (with cash) and used 35,000 yards of raw materials at a cost of $10.00 per yard. Its direct laborers worked 20.100 hours and were paid a total of $290.200. The company started and completed 8,300 units of finished goods during the period. Bowen's standard cost card for its only product is as follows: Its predetermined overhead rate includes $1,000,000 of fixed overhead in the numerator Standard Standard Quantity or Hours Standard Price Cost Rate Inputs Direct materials Direct labor Fixed manufacturing overhead 3.2 yards $11.00 per yard 35.20 36.40 $20.00 per hour52.80 $123.60 2.6 hours Total standard cost per unit Required: 1. When recording the raw material purchases a. The Raw Materials inventory will increase (decrease) by how much? b The Cash will increase (decrease) by how much? 2 When recording the raw materials used in production: a. The Raw Materials inventory will increase (decrease) by how much? b. The Work in Process Inventory will increase (decrease) by how much? Prey 8 of 17E Next > e a