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Lancaster Company recorded the following transactions for the just-completed month: a. $46,500 in raw materials was purchased on account. b. $132,500 in raw materials was
Lancaster Company recorded the following transactions for the just-completed month: a. $46,500 in raw materials was purchased on account. b. $132,500 in raw materials was requisitioned for use in production. Of this amount, $76,000 was for direct materials and the remainder was for indirect materials. c. Total labour wages of $221,000 were incurred. Of this amount, $189,750 was for direct labour and the remainder was for indirect labour. d. Additional manufacturing overhead costs of $200,250 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 View journal entry worksheet No Transaction General Journal Debit Credit
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