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Prepare journal entries to record raw materials purchased

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Reference no: EM132967737

Starr Company reports the following information for August.

Raw materials purchased on account $89,800

Direct materials used in production $49,600

Factory wages earned (direct labor) $21,500

Overhead rate 125% of direct labor cost

Problem 1: Prepare journal entries to record the following events.

  1. Raw materials purchased.
  2. Direct materials used in production.
  3. Direct labor used in production.
  4. Applied overhead.

Reference no: EM132967737

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