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Business, 15.10.2020 08:01 live4dramaoy0yf9

Larned Corporation recorded the following transactions for the just completed month. $78,000 in raw materials were purchased on account. $76,000 in raw materials were used in production. Of this amount, $62,000 was for direct materials and the remainder was for indirect materials. Total labor wages of $111,000 were paid in cash. Of this amount, $105,000 was for direct labor and the remainder was for indirect labor. Depreciation of $198,000 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. $78,000 in raw...

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