Brown Company engaged in the following transactions during May 2014.Indicate whether each is an asset source (AS),asset use (AU),or asset exchange (AE)transaction.
Purchased raw materials for cash,$42,000
Used raw materials to begin jobs,$28,400
Paid wages of production employees,$18,000
Applied overhead at rate of $1.25 per direct labor dollar
Completed job that had cost $32,000
Sold goods for $44,000 cash
The goods referred to in the transaction above had cost $29,500 to complete

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The Answer of Brown Company engaged in the following transactions during May 2014.Indicate whether each is an asset source (AS),asset use (AU),or asset exchange (AE)transaction.
Purchased raw materials for cash,$42,000
Used raw materials to begin jobs,$28,400
Paid wages of production employees,$18,000
Applied overhead at rate of $1.25 per direct labor dollar
Completed job that had cost $32,000
Sold goods for $44,000 cash
The goods referred to in the transaction above had cost $29,500 to complete

Brown Company Engaged in the Following Transactions During May 2014