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Recording product costsStarr Company reports the following information for August.::Raw materials purchases on account$76,200Direct materials used in production$48,000Factory wages earned (direct labor)$15,350Overhead rate120% of direct labor costPrepare journal entries to record the following events.1. Raw material purchased.2. Direct materials used in production.3. Direct labor used in production4. Applied overhead
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Recording product costsStarr Company reports the following information for August.::Raw materials pu...
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