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Record the preceding transactions in journal entries

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Question - Larned Corporation recorded the following transactions for the past month:

a. $180,000 in raw materials were purchased on account.

b. $171,000 in raw materials were requisitioned for use in production. of this amount, $10,000 was for indirect materials and the remainder was for direct materials.

c. total labour costs of $221,000 were incurred. of this amount $203,000 was for direct labour and the remainder was for indirect labour

d. manufacturing overhead costs of $375,000 were incurred.

Required - Record the preceding transactions in journal entries.

Reference no: EM133007071

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