ALT-MFG-POSTINGSDONE! ASSETSLIABOWNER'S EQUITY ACCOUNTS RECEIVABLEACCOUNTS PAYABLECOST OF GOODS SOLDSALES 100,000170,00064,200100,000 100,000170,00064,200100,000 RAW MATERIALS INVWAGES PAYABLE1 Smith Printing purchased $170,000 of raw materials on account. 170,000159,00087,300 11,00087,3002 Materials used:Job 420=$33,240; Job 421=43,920; Job 422=$37,100; Job 423: $40,270. Indirect Materials used=$4,470.(Total direct materials used=$154,530.) FACTORY OVERHEADWORK IN PROCESS INVSALARIES PAYABLE ActualAppliedDM154,530236,11039,5003 Factory wages:Job 420=$18,000; Job 421=$26,000; Job 422=$15,000; Job 423=$25,000.