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Lancaster Company recorded the following transactions for the just-completed month: a. $46,300 in raw materials was purchased on account. b. $131,500 in raw materials
Lancaster Company recorded the following transactions for the just-completed month: a. $46,300 in raw materials was purchased on account. b. $131,500 in raw materials was requisitioned for use in production. Of this amount, $75,200 was for direct materials and the remainder was for indirect materials. c. Total labour wages of $219,800 were incurred. Of this amount, $188,850 was for direct labour and the remainder was for indirect labour. d. Additional manufacturing overhead costs of $198,750 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 < 1 2 3 4 $46,300 in raw materials was purchased on account. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal
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