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Starr Company reports the following information for August. Raw materials purchased on account Direct materials used in production Factory wages earned (direct labor) Overhead rate $ 76,200 $48, eee $15, 350 120% of direct labor cost Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production 3. Direct labor used in production 4. Applied overhead, 4. Applied overhead Answer is complete but not entirely correct. No Transaction General Journal Debit Credit A 1 Raw materials inventory Accounts payable > 76,200 76,200 B 2 > Work in process inventory Raw materials inventory 48,000 48,000 3 Work in process inventory Factory wages payable >$ 15,350 15,350 D 4 139,550 Work in process inventory Factory overhead >S 16.746