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True or False: Nonmanufacturing costs are included in the Work in Process account. True False Larned Corporation recorded the following transactions for the just completed
True or False: Nonmanufacturing costs are included in the Work in Process account. True False Larned Corporation recorded the following transactions for the just completed month. a. $82,000 in raw materials were purchased on account. b. $80,000 in raw materials were used in production. Of this amount, $73,000 was for direct materials and the remainder was for Indirect materials. C. Total labor wages of $118,000 were paid in cash. Of this amount, $104,600 was for direct labor and the remainder was for Indirect labor. d. Depreciation of $196,000 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.) View transaction list Journal entry worksheet Raw materials purchased on account, s210,000. Note: Enter debits before credits Transaction General Journal Debit Credit 3. Record entry Clear entry View general Journal
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