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...

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, $152,000 was for direct materials, and the remainder was for indirect materials.


c. Total labour costs of $221,000 were incurred. Of this amount, $201,000 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.




May 26, 2022
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