Business, 17.04.2020 20:32, cranfordjacori

Larned Corporation recorded the following transactions for the just completed month.

$75,000 in raw materials were purchased on account.
$73,000 in raw materials were used in production. Of this amount, $58,000 was for direct materials and the remainder was for indirect materials.
Total labor wages of $113,000 were paid in cash. Of this amount, $104,300 was for direct labor and the remainder was for indirect labor.
Depreciation of $194,000 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.

$7...