Larned Corporation recorded the following transactions for the just completed month.
$71,000 in raw materials were purchased on account.
$69,000 in raw materials were used in production. Of this amount, $60,000 was for direct materials and the remainder was for indirect materials.
Total labor wages of $115,500 were paid in cash. Of this amount, $103,600 was for direct labor and the remainder was for indirect labor.
Depreciation of $196,000 was incurred on factory equipment.
Please create four journal entries