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Exercise 2-9 (Algo) Recording materials, labor, and overhead LO P1, P2, P3 Starr Company shows the following information for the month. Raw materials purchased on credit $ 77,400 Direct materials used $ 51,400 Direct labor used $ 18,350 Overhead rate 135% 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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Exercise 2-9 (Algo) Recording materials, labor, and overhead LO P1, P2, P3 Starr Company shows the following information for the month. Raw materials purchased on credit $ 77,400 Direct materials used $ 51,400 Direct labor used $ 18,350 Overhead rate 135% 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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