accounting 6225403 2
Larned Corporation recorded the following transactions for the just completed month. |
a. |
$80,000 in raw materials were purchased on account. |
b. |
$71,000 in raw materials were requisitioned for use in production. Of this amount, $62,000 was for direct materials and the remainder was for indirect materials. |
c. |
Total labor wages of $112,000 were incurred. Of this amount, $101,000 was for direct labor and the remainder was for indirect labor. |
d. |
Additional manufacturing overhead costs of $175,000 were incurred. |
Required: |
Record the above transactions in journal entries. |