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Here is all the info needed for each part thankyoy Larned Corporation recorded the following transactions for the just completed month a $71,000 in raw

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Larned Corporation recorded the following transactions for the just completed month a $71,000 in raw materials were purchased on account. b. $69,000 in raw materials were used in production of this amount, $55,000 was for direct materials and the remainder was for indirect materials c. Total labor wages of $109,500 were paid in cash Of this amount, $100,400 was for direct labor and the remainder was for indirect labor d. Depreciation of $191,000 was incurred on factory equipment 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.) 1 $71,000 in raw materials were purchased on account. 2 $69,000 in raw materials were used in production. Of this amount, $55,000 was for direct materials and the remainder was for indirect materials. 3 Total labor wages of $109,500 were paid in cash. Of this amount, $100,400 was for direct labor and the remainder was for indirect labor. 4 Depreciation of $191,000 was incurred on factory equipment.

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