Agostino, Inc. uses a just-in-time costing system. During the month, Agostino incurred $300,000 as direct labor and $9,000 as overhead. Which of the following is the correct journal entry to record the conversion costs?
A)
Conversion Costs 309,000
Wages Payable, Accumulated Depreciation, etc. 309,000
B)
Conversion Costs 309,000
Wages Payable 309,000
C)
Manufacturing Overhead 309,000
Conversion Costs 309,000
D)
Conversion Costs 309,000
Accounts Payable 309,000
A
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