Question

Lamed Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials were purchased on account. b. $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 c. Total labor wages of $112,000 were incurred. Of this amount, $101,000 was for direct labor and the remainder was for indirect labor d. Additional manufacturing overhead costs of $175,000 were incurred. Required: Record the above transactions in journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 4 $80,000 in raw materials were purchased on account. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View generat jounal

Answer 1

Raw materials	80,000
Accounts Payable		80,000
Work in Process	62,000
Manufacturing overhead	9,000
Raw materials		71,000
Work in Process	101,000
Manufacturing overhead	11,000
wages payable		112,000
Manufacturing Overhead	175,000
various accounts		175,000