Larned Corporation recorded the following transactions for the just completed month. $82,000 in raw materials were purchased on account.$80,000 in raw materials were used in production. Of this amount, $73,000 was for direct materials and the remainder was for indirect materials.Total labor wages of $118,500 were paid in cash. Of this amount, $101,100 was for direct labor and the remainder was for indirect labor.Depreciation of $197,000 was incurred on factory equipment.