Question
Starr Company reports the following information for August. Raw materials purchased on account $ 76,200 Direct materials used in production $ 48,000 Factory wages earned
Starr Company reports the following information for August.
| Raw materials purchased on account | $ | 76,200 | |
| Direct materials used in production | $ | 48,000 | |
| Factory wages earned (direct labor) | $ | 15,350 | |
| Overhead rate | 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.
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Evaluating The Effectiveness On Internal Audit Departments
Authors: Dereje Ferede Asrat, Sewale Abate Ayalew
1st Edition
3659298387, 978-3659298387
