Specialty Wood Products, Inc had the following manufacturing labor costs last month
Woodworkers' wages $100,000
Indirect laborers' wages 20,000
Maintenance personnel wages 10,000
Provide the journal entry to record the labor costs incurred, which will be paid at a later date.
What will be an ideal response
Work-in-Process Inventory 100,000
Manufacturing Overhead 30,000
Wages Payable 130,000
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