Check m Larned Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials were purchased on account b. $78,000 in raw materials were used in production. Of this amount, $70,000 was for direct materials and the remainder was for indirect materials Total labor wages of $121,500 were paid in cash. Of this amount, $104,300 was for direct labor and the remainder was for indirect labor d. Depreciation of $192.000 was incurred on factory equipment Required Record the above transactions in journal entries. (If no entry is required for a transection/event, s the first account field.) View transaction list Journal entry worksheet 2 3 $80,000 in raw materials were purchased on account