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Information for Lori Ann, Inc. as of December 31, 2012 follows: Raw material...

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Accounting

Information for Lori Ann, Inc. as of December 31, 2012 follows:

Raw material inventory, 12/31/11 $ 50,000 Indirect labor $12,000

Raw materials inventory, 12/31/12 74,000 Raw materials purchases 150,000

Work in process inventory, 12/31/12 2,700 Indirect materials 2,000

Work in process inventory, 12/31/11 3,500 Factory utilities 14,000

Direct labor 68,000 Plant manager

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