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6 value 20.00 points Lancaster Company recorded the following transactions for the just-completed month a. $46,000 in raw materials was purchased on account b. $130,000
6 value 20.00 points Lancaster Company recorded the following transactions for the just-completed month a. $46,000 in raw materials was purchased on account b. $130,000 in raw materials was requisitioned for use in production. Of this amount, $74,000 was for direct materials and the remainder was for indirect materials c. Total labour wages of $218,000 were incurred. Of this amount, $187,500 was for direct labour and the remainder was for indirect labour d. Additional manufacturing overhead costs of $196,500 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 2 3 4 $46,000 in raw materials was purchased on account Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal
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