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, $72,000 was for direct materials and the remainder was for indirect materials.

c.Total labor wages of $129,500 were paid in cash. Of this amount, $103,300 was for direct labor and the remainder was for indirect labor.

d.Depreciation of $195,000 was incurred on factory equipment.