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Homework answers / question archive / Recording product costs Starr Company reports the following information for August
Recording product costs
Starr Company reports the following information for August.::
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Raw materials purchases on account......................$76,200 Direct materials used in production.........................$48,000 Factory wages earned (direct labor)........................$15,350 Overhead rate..........................................................120% of direct labor cost |
Prepare journal entries to record the following events.
!. Raw material purchased.
2. Direct materials used in production.
3. Direct labor used in production
4. Applied overhead
