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Larned Corporation recorded the following transactions for the just completed month. $80,000 in raw materials were purchased on account.

Larned Corporation recorded the following transactions for the just completed month. 1. $80,000 in raw materials were purchased on account. 2. $71,000 in raw materials were requisitioned for use in production. Of this amount, $62,000 was for direct materials and the remainder was for indirect materials. 3. Page 103 Total labor wages of $112,000 were incurred. Of this amount, $101,000 was for direct labor and the remainder was for indirect labor. 4. Additional manufacturing overhead costs of $175,000 were incurred. Record the above transactions in journal entries.

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