BRIEF EXERCISE 4-4 Prepare Journal Entries (CC12) Larned Corporation recorded the following transactions for the past 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 labour wages of $112,000 were incurred. Of this amount, $101,000 was for direct labour and the remainder was for indirect labo.. d. Additional manufacturing overhead costs of $175.000 were incurred.