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Home Q & A Board Other Fields Homework Help Business Accounting
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jene277 jene277
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A year ago

Farrel Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year:

Direct labor cost$574,000
Manufacturing overhead:
Indirect labor cost$163,000
Other manufacturing overhead costs incurred$584,000

What is the journal entry to record the direct and indirect labor costs incurred during the year?



▸
DebitCredit
Wages Payable737,000
Direct Labor574,000
Manufacturing Overhead163,000


▸
DebitCredit
Work in Process574,000
Manufacturing Overhead163,000
Wages Payable737,000


▸
DebitCredit
Wages Payable737,000
Work in Process574,000
Manufacturing Overhead163,000


▸
DebitCredit
Direct Labor574,000
Manufacturing Overhead163,000
Wages Payable737,000
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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ttoe81ttoe81
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A year ago
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jene277 Author
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A year ago
Thanks for your help!!
Holly72492
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Yesterday
Just got PERFECT on my quiz
Natalie Price
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2 hours ago
Thanks
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