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20 October, 10:23

Starr Company reports the following information for August. Raw materials purchased on account $ 81,800 Direct materials used in production $ 53,600 Factory wages earned (direct labor) $ 19,550 Overhead rate 135 % of direct labor cost Prepare journal entries to record the following events. Raw materials purchased. Direct materials used in production. Direct labor used in production. Applied overhead.

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  1. 20 October, 10:31
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    Entry: Dr Raw material 81800

    Cr Accounts payable 81800

    (To record raw material purchased on account)

    Entry: Dr Work in process 53600

    Cr Raw material 53600

    (To record material used in production)

    Entry: Dr Work in process (19550 * 135% = 26392) 26392

    Cr Applied factory overhead 26392

    (To record applied overhead)
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