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Starr Company shows the following information for the month. $ 79,000 Raw materials purchased on credit Direct materials used Direct labor used Overhead rate
Starr Company shows the following information for the month. $ 79,000 Raw materials purchased on credit Direct materials used Direct labor used Overhead rate $ 59,200 $ 21,350 Prepare journal entries to record the following. 1. Raw materials purchased. 2. Direct materials used. 3. Direct labor used. 4. Applied overhead. 120% of direct labor cost
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1 Raw materials purchased Debit Raw Materials Inventory 79000 Credit Accounts Payable 79000 ...
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappetta
22nd edition
9781259566905, 978-0-07-76328, 77862279, 1259566900, 0-07-763289-3, 978-0077862275
