Lamed Corporation recorded the following transactions for the just completed month. a $80,000 in raw materials were purchased on account b. $71,000 in raw materials were used in production of this amount. $62,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $112,000 were paid in cash. Or this amount. $101.000 was for direct labor and the remainder was for indirect labor. d. Depreciation of $175,000 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.) View transaction list Journal entry worksheet 1 $80,000 in raw materials were purchased on account. Note: Enter debits before credits 1 of 10 !! Next >