I need step by step instructions on how to solve the attached problem. Thank you!

Bowen Company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. Its predetermined overhead rate includes $1,000,000 of xed overhead in the numerator and 50,000 direct labor-hours in the denominator. The company purchased {with cash} and used 32.000 yards of raw materials at a cost of $10.20 per yard. Its direct laborers worked 20,200 hours and were paid a total of $200,400. The company started and completed 8,500 units of finished goods during the period. Bowen's standard cost card for its only product is as follows: l1} l2} Standard Standard Standard Quantity or Price Cost Inputs Hours or Rate [1] I {2] Direct materials 3.4 yards $12.00 per yard 5 40.00 Direct labor 2.0 hours $14.00 per hour 30.20 Fixed manufacturing overhead 2.0 hours $20.00 per hour 55-00 $136.00 Total standard cost per unit Required: 1. When recording the raw material purchases: a. The Raw Materials inventory will increase {decrease} by how much? b. The Cash will increase {decrease} by how much? 2. When recording the raw materials used in production: a. The Raw Materials inventory will increase {decrease} by how much? b. The Work in Process inventory will increase {decrease} by how much? 3. When recording the direct labor costs added to production: a. The Work in Process inventory will increase {decrease} by howI much? b. The Cash will increase {decrease} by how much? 4. When applying xed manufacturing overhead to production. the Work in Process inventory will increase {decrease} by how much? 5. When transferring manufacturing costs from Work in Process to Finished Goods, the Finished Goods inventory will increase {decrease} by how much? 1a. The raw materials will by 1b. The cash will by 2a. The raw materials will by 2b. The work in process will by 3a. The work in process will by 3b. The cash will by 4. The work in process will by 5 The finished goods will by