Starr Company shows the following information for the month. $ 79,000 Raw materials purchased on credit...
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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 $ 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 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 ... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date:
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