Starr Company reports the following information for August.
Raw materials purchased on accounts | $83,800 |
---|---|
Direct materials used in production | $50,600 |
Factory wages paid (direct labor) | $17,750 |
Overhead rate | 124% of direct labor cost |
Prepare journal entries to record the following events.
-
Raw materials purchased.
-
Direct materials used in production.
-
Direct labor used in production.
-
Applied overhead.
Transaction | General Journal | Debit | Credit |
---|---|---|---|
1 | |||