Question
Starr Company shows the following information for the month. Raw materials purchased on credit $ 78,600 Direct materials used $ 49,800 Direct labor used $
Starr Company shows the following information for the month.
| Raw materials purchased on credit | $ 78,600 | |
|---|---|---|
| Direct materials used | $ 49,800 | |
| Direct labor used | $ 17,450 | |
| Overhead rate | 130% | of direct labor cost |
Prepare journal entries to record the following. 1. Raw materials purchased. 2. Direct materials used. 3. Direct labor used. 4. Applied overhead.
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
