Answer:Please see answers in explanation column
Explanation:
Journal entries for Larned Corporation transactions for the just completed month.
a)To record purchase raw material
Account titles Debit Credit
Raw materials inventory $80,000
Accounts payable $80,000
b To record raw material used
Work in process inventory $62,000
Manufacturing overhead $9,000
Raw materials inventory $71,000
C) To record labor paid
Work in process inventory $101,000
Manufacturing overhead $11,000
Cash $112,000
d To record manufacturing overhead
Manufacturing overhead $175,000
Accumulated depreciation-Equipment $175,000
