QUESTION 1 Question one: (5 points) Carned Corporation recorded the following transactions for the just completed month. $80,000 in raw materials were purchased on account. $71,000 in raw materials were requisitioned for use in production. Of this amount, $62,000 was for direct materials and the remainder was for indirect materials. Total labor wages of $112,000 were incurred for production. Of this amount, $101,000 was for direct labor and the remainder was for indirect labor. Additional manufacturing overhead costs of $175,000 were incurred. Required: Record the above transactions in journal entries. k Save and Submit to save and submit. Click Save All Answers to save all answers. # 20 $ 888 () % 220 FS < Dr. Cr. MacBook Pro Dill & A Save All Answers Close C