Business, 18.01.2021 14:00 LilFabeOMM5889

Larned Corporation recorded the following transactions for the just completed month. $74,000 in raw materials were purchased on account. $72,000 in raw materials were used in production. Of this amount, $61,000 was for direct materials and the remainder was for indirect materials. Total labor wages of $115,500 were paid in cash. Of this amount, $101,700 was for direct labor and the remainder was for indirect labor. Depreciation of $195,000 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. $74,000 in raw...

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