2 Starr Company reports the following information for August. Raw materials purchased on account $83,800 Direct materials used in production $48,600 Factory wages earned (direct labor) $16,850 Overhead rate 120% of direct labor cost 16.66 points 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