Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000, respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $50,000,
$60,000, and $70,000, respectively. In addition, work in process at the beginning of the period for Department 1 totaled $75,000, and work in process at the end of the period totaled $60,000. The journal entry to record the flow of costs into Department 1 during the period for direct labor is:
A) Work in Process--Department 1 60,000Wages Payable 60,000
B) Wages Payable 125,000Work in Process--Department 1 125,000
C) Work in Process--Department 1 125,000Wages Payable 125,000
D) Wages Payable 60,000Work in Process--Department 1 60,000
C
You might also like to view...
The courts have generally held that advertisements for the sale of goods at a specified price are not offers; instead, they are treated as invitations to negotiate or to make an offer.
Answer the following statement true (T) or false (F)
The write-off of the cost of a natural resource is called
a. depletion; b. depreciation; c. amortization; d. deterioration; e. physical depreciation.
Using the iceberg metaphor for culture, which of the following is the tip of the iceberg?
A. cold level B. unobservable level C. observable level D. titanic level
The "tipper" of inside information can be convicted of a crime, the "tippee" cannot
a. True b. False Indicate whether the statement is true or false