Journal Entries 1-4

Exercise 15-4 Recording product costs LO P1, P2, P3 3 Starr Company reports the following information for August. Raw materials purchased on account $88,600 Direct materials used in production $50, 200 Factory wages earned (direct labor) $21,800 Overhead rate 120 8 of direct labor cost eBook Hint Print References Prepare journal entries to record the following events. 1. Raw materials purchused. 2. Direct materials used in production. 3. Direct labor used in production. 4. Applied overhead