Larned Corporation recorded the following transactions for the just completed month.Ex. 3 - 1 Answer a. $75,000 in raw materials were purchased on account. b. $73,000 in raw materials were used in production. Of this amount, $58,000 was for direct materials and the remainder was for indirect materials c. Total labor wages of $120,000 were paid in cash. Of this amount, $104, 100 was for direct labor and the remainder was for indirect labor. d. Depreciation of $196,000 was incurred