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please complete all 4 journal entries Lamed Corporation recorded the followng transactions for the just completed month. a. $74.000 in raw materials were purchased on
please complete all 4 journal entries
Lamed Corporation recorded the followng transactions for the just completed month. a. $74.000 in raw materials were purchased on account: b. $72.000 in raw materials were used in production. Of this amount, $63,000 was for direct materials and the remainder was for indirect materlais. c. Total labor wages of $112000 were paid in cash. Of this amount, \$103,500 was for direct labor and the remainder was for indirect abon: d. Depreciation of $193,000 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.) Journal entry worksheet Step by Step Solution
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