Starr Company Shows The Following Information For The Month Raw Materials Purchased On Credit Direct Materials Used Dir 1 (60.4 KiB) Viewed 8 times
Starr Company shows the following information for the month. Raw materials purchased on credit Direct materials used Direct labor used Overhead rate Prepare journal entries to record the following. 1. Raw materials purchased. 2. Direct materials used. 3. Direct labor used. 4. Applied overhead. $ 79,800 $ 55,200 $ 19,550 130% of direct labor cost
Journal entry worksheet A B C D Record raw materials purchased on account. Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journal
Journal entry worksheet D < A Record direct materials used. C Note: Enter debits before credits. Transaction 2 Record entry D General Journal Clear entry Debit Credit View general journal >
Journal entry worksheet <A B Record direct labor used. Note: Enter debits before credits. Transaction 3 Record entry General Journal Clear entry Debit Credit View > ↓
Journal entry worksheet <A B Record the application of overhead to work in process. Note: Enter debits before credits. Transaction 4 Record entry General Journal Clear entry Debit Credit View general journal >
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!