Solution-Kirkaid company recorded the following transactions

Kirkaid company recorded the following transactions

Reference no: EM13508643

Kirkaid Company recorded the following transactions for the just completed month.

a. $86,000 in raw materials were purchased on account.
b. $84,000 in raw materials were requisitioned for use in production. Of this amount, $72,000 was for direct materials and the remainder was for indirect materials.
c. Total labor wages of $108,000 were incurred. Of this amount, $105,000 was for direct labor and the remainder was for indirect labor.
d. Additional manufacturing overhead costs of $197,000 were incurred.

Required:
Record the above transactions in journal entries.

Reference no: EM13508643

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Kirkaid company recorded the following transactions

Reference no: EM13508643

Reference no: EM13508643

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