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From Exercise 4-32 with some dollar amounts changed and some totals added to speed up the entries. Prepare journal entries in the space provided below the description. The journal entry in the solution posted on ANGEL is the one correct answer for quiz grading Do not repeat the description of the journal entry below the entry. Issued 130,000 pounds (at $5.00 per pound = $650,000) of materials to production of which 15,000 pounds (at $5.00 per pound = $75,000) were used as indirect materials. Do one journal entry, which may have multiple debits and/or credits. Note that $650,000 is the total materials issued to production. Incurred $200,000 of direct labor costs and $40,000 of indirect labor costs. Do one journal entry, which may have multiple debits and/or credits. $200,000 $40,000 $240,000 Recorded depreciation on [factory] equipment for the month, $80,000.Show transcribed image text From Exercise 4-32 with some dollar amounts changed and some totals added to speed up the entries. Prepare journal entries in the space provided below the description. The journal entry in the solution posted on ANGEL is the one correct answer for quiz grading Do not repeat the description of the journal entry below the entry. Issued 130,000 pounds (at $5.00 per pound = $650,000) of materials to production of which 15,000 pounds (at $5.00 per pound = $75,000) were used as indirect materials. Do one journal entry, which may have multiple debits and/or credits. Note that $650,000 is the total materials issued to production. Incurred $200,000 of direct labor costs and $40,000 of indirect labor costs. Do one journal entry, which may have multiple debits and/or credits. $200,000 $40,000 $240,000 Recorded depreciation on [factory] equipment for the month, $80,000.
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