Question

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Larned Corporation recorded the following transactions for the just completed month. a. $78,000 in raw materials were purchased on account. b. $76,000 in raw materials were requisitioned for use in production. Of this amount, $63,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $108,000 were incurred. Of this amount, $100,200 was for direct labor and the remainder was for indirect labor. d. Additional manufacturing overhead costs of $196,000 were incurred. Required: Record the above transactions in journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 $78,000 in raw materials were purchased on account Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal

Answer 1

Page No 0 , Coedit Transaction Debit $.78000 $ 48000 $63000 Ansures Towina! cribe fore given transactions - Account title * Raus materials Accounts payable wodik in process Manufacturing overhead Raw materials work in process Manubacturing overhead wages payable $ 13000 $76000 $100200 - 7800 $108000 $196000 - Manubeckoning overhead Various accounts $196000 - © Manufacturing overhead = 46000 -- 6 3000 = $13000 Manufacturing overhead = 108000 -100200 DESI = $ 7800