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Star company reports the following information for August. Exercise 2-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August.
Star company reports the following information for August.
Exercise 2-4 Recording product costs LO P1, P2, P3 Starr Company reports the following information for August. Raw materials purchased on account Direct aterials used in production Factory vages earned (direct labor) Overhead rate $76,200 $17,300 125% 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. View transaction list Journal entry worksheet Record raw materials purchased on account. 30 0 F7 2 0 Journal entry worksheet 4. Record raw materials purchased on account. Note: Enter debits before credits. General Journal Record entry Clear entry View general journal Prey 2 of 14 Next > FA FS F7 4 Record the entry to assign direct materials to jobs Note: Enter debits before credits. ction General Journal Record entry Clear entry View general journal K Prev2 of 14 Next > F7 F8 4 Journal entry worksheet 2 Record the entry to assign direct labor to jobs Note: Enter debits before credits. saction Debit Credit Record entry Clear entry View general journal Prev 2 of 14 Next > OF4 FS F9 4 Journal entry worksheet Record the application of overhead to work in process. Note: Enter debits before credits. General Journal Debit Credit Record entry Clear entry View general journal F4 FS F8 4 Step by Step Solution
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