Time tickets for factory employees during the month of August are summarized as follows:Job 919…………………………………………$ 9,800Job 920…………………………………………14,650Job 921…………………………………………12,250Job 922………………………………………… 16,000Total direct labor……………………………….$52,700Indirect labor…………………………………... 16,800Total labor cost………………………………...$ 69,500??Prepare the necessary journal entries to record factory payroll for direct and indirect labor.
What will be an ideal response?
| Work in Process ……………………... | 52,700 | ? |
| Factory Wages Payable …………… | ? | 52,700 |
| Factory Overhead …………………….. | 16,800 | ? |
| Factory Wages Payable …………… | ? | 16,800 |
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