Business, 22.09.2020 03:01 angelaguero9877

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 used 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 paid in cash. Of this amount, $101,000 was for direct labor and the remainder was for indirect labor.
d. Depreciation of $175,000 was incurred on factory equipment.

Required:
Record the above transactions in journal entries.

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Larned Corporation recorded the following transactions for the just completed month. a. $80,000 in...

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