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Journal entry worksheet Lancaster Company recorded the following transactions for the just-completed month: a. $45,400 in raw materials was purchased on account. b. $127,000 in

Journal entry worksheet

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Lancaster Company recorded the following transactions for the just-completed month: a. $45,400 in raw materials was purchased on account. b. $127,000 in raw materials was requisitioned for use in production. Of this amount, $71,600 was for direct materials and the remainder was for indirect materials. c. Total labour wages of $214,400 were incurred. Of this amount, $184,800 was for direct labour and the remainder was for indirect labour. d. Additional manufacturing overhead costs of $192,000 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 $45,400 in raw materials was purchased on account

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