QUESTION 1 Question one (5 points) Laned Corporation recorded the following transactions for the just completed month $80,000 in raw materials were purchased on account b. $71,000 in raw materials were requisitioned for u in production. Of this amot, $62,000 was for direct materials and the remaindes 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 labee d. Additional manufacturing overhead costs of $175,000 were incurred. Required Record the above transactions in journal entries Dr. 8.