| Starr Company reports the following information for August. |
| Raw materials purchased on account | $84,200 | |
| Direct materials used in production | $56,400 | |
| Factory wages earned (direct labor) | $20,900 | |
| Overhead rate | 120 | % of direct labor cost |
Prepare journal entries to record the following events.
| 1. | Raw materials purchased. |
| 2. | Direct materials used in production. |
| 3. | Direct labor used in production. |
| 4. | Applied overhead. |
