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Patinkin Manufacturing Corporation was started when it issued common stock for $ 3 0 , 0 0 0 cash. Patinkin purchased $ 8 , 0

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Patinkin Manufacturing Corporation was started when it issued common stock for $30,000 cash. Patinkin purchased $8,000 of raw materials. The corporation worked on three jobs during its first year. Data about these jobs follows. Assume all transactions are cash transactions unless otherwise indicated.
\table[[,\table[[Direct Raw],[Materials],[Used]],\table[[Direct],[Labor]]],[Job 1,$1,000,$2,000
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