Prepare Journal Entries
Kirkaid Company recorded the following transactions for the just completed month.
a. $86,000 in raw materials were purchased on account.
b. $84,000 in raw materials were requisitioned for use in production. Of this amount, $72,000 was for direct materials and the remainder was for indirect materials.
c. Total labor wages of SI08.000 were incurred. Of this amount. SI05.000 was for direct labor and the remainder was for indirect labor.
d. Additional manufacturing overhead costs of S197.000 were incurred.
Required:
Record the above transactions in journal entries.
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