Record the above transactions in journal entries

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Reference no: EM13755577

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

a. $71,000 in raw materials were purchased on account.

b. $69,000 in raw materials were requisitioned for use in production. Of this amount, $60,000 was for direct materials and the remainder was for indirect materials.

c. Total labor wages of $124,000 were incurred. Of this amount, $101,700 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.

Reference no: EM13755577

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