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  1. business
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  3. ?ancastercompanyrecordedthefollowingtransactionsfo

?ancasterCompanyrecordedthefollowingtransactionsforthejust-completedmonth: a. $45,000 in raw materials was purchased on account. b. $125,000...

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Accounting

?ancasterCompanyrecordedthefollowingtransactionsforthejust-completedmonth:
a. $45,000 in raw materials was purchased on account.
b. $125,000 in raw materials was requisitioned for use in production. Of this amount, $70,000 was for direct materials and the
remainder was for indirect materials.
c. Total labour wages of $212,000 were incurred. Of this amount, $183,000 was for direct labour and the remainder was for indirect
labour.
d. Additional manufacturing overhead costs of $189,000 were incurred.
Required:
Record the above transactions in journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in
he first account field.)
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