Larned Corporation recorded the following transactions for the just completed month. a. $88,000 in raw materials were purchased on account. b. $86,000 in raw materials were used in production. Of this amount, $77,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $110,000 were paid in cash. Of this amount, $100,800 was for direct labor and the remainder was for indirect labor. d. Depreciation of $199,000 was incurred on factory equipment