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Lancaster Company recorded the following transactions for the just-completed month: a. $46,100 in raw materials was purchased on account. b. $130,500 in raw materials was
Lancaster Company recorded the following transactions for the just-completed month: a. $46,100 in raw materials was purchased on account. b. $130,500 in raw materials was requisitioned for use in production. Of this amount, $74,400 was for direct materials and the remainder was for indirect materials. c. Total labour wages of $218,600 were incurred. Of this amount, $187,950 was for direct labour and the remainder was for indirect labour d. Additional manufacturing overhead costs of $197,250 were incurred. Required Record the above transactions in journal entries. (lf 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 $46,100 in raw materials was purchased on account. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal
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