Larned Corporation recorded the following transactions for the just completed month. a. $80,000 in raw materials were purchased on account. b.$78,000 in raw materials were requisitioned for use in production. Of this amount, $69,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $124,500 were incurred. Of this amount, $100,700 was for direct labor and the remainder was for indirect labor. d.Additional manufacturing overhead costs of $199,000 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.) $80,000 in raw materials were purchased on account. 2 $78,000 in raw materials were requisitioned for use in production. Of this amount, $69,000 was for direct materials and the remainder was for indirect materials. 3 Total labor wages of $124,500 were incurred. Of this amount, $100,700 was for direct labor and the remainder was for indirect labor. 4 Additional manufacturing overhead costs of $199,000 were incurred. No journal entry required Accounts payable Advertising Commissions Cost of goods sold Depreciation Direct labor Direct materials Indirect labor Indirect materials Manufacturing overhead Purchases Raw materials Sales Selling and administrative expenses Various Sales Selling and administrative expenses Various accounts Wages payable Work in process 1 2 3 4 $80,000 in raw materials were purchased on account. Note: Enter debits before credits. $78,000 in raw materials were requisitioned for use in production. Of this amount, $69,000 was for direct materials and the remainder was for indirect materials. Journal entry worksheet < 2 3 Total labor wages of $124,500 were Incurred. Of this amount, $100,700 was for direct labor and the remainder was for indirect labor. Journal entry worksheet < 1 2 3 4 Additional manufacturing overhead costs of $199,000 were incurred. Note: Enter debits before credits