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Wilmington Company manufactures various machined parts to customer specifications. For the most recent month, Wilmington Company recorded the following transactions: Thank you in advance! Raw

Wilmington Company manufactures various machined parts to customer specifications. For the most recent month, Wilmington Company recorded the following transactions: Thank you in advance!

  1. Raw materials of $79,000 were purchased on account.
  2. Raw materials of $77,000 were used in production. Of this amount, $66,000 was for direct materials and the remainder was for indirect materials.
  3. Total labor wages of $122,500 were paid in cash. Of this amount, $101,900 was for direct labor and the remainder was for indirect labor.
  4. Depreciation incurred on factory equipment was $192,000.image text in transcribed
1 Wilmington Company manufactures various machined parts to customer specifications. For the most recent month, Wilmington Company recorded the following transactions: 25 points a. Raw materials of $79,000 were purchased on account. b. Raw materials of $77,000 were used in production. Of this amount, $66,000 was for direct materials and the remainder was for indirect materials. c. Total labor wages of $122,500 were paid in cash. Of this amount, $101,900 was for direct labor and the remainder was for indirect labor. d. Depreciation incurred on factory equipment was $192,000. X 03:24:06 eBook 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.) Print View transaction list References Journal entry worksheet $79,000 in raw materials were purchased on account. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal

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