Starr Company reports the following information for August. $76,200 $48,000 $15,350 120% of direct labor cost Raw materials purchased on account Direct materials used in production Direct labor incurred, but not yet paid Overhead rate Prepare journal entries to record the following events. 1. Raw materials purchased. 2. Direct materials used in production. 3. Direct labor used in production, but not yet paid. 4. Applied overhead