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$574,000Manufacturing overhead: Indirect labor cost$163,000Other manufacturing overhead costs incurred$584,000 What is the journal entry to record the direct and indirect labor costs incurred during the year?
A.
| Wages Payable | 737,000 | |
| Work in Process | 574,000 | |
| Manufacturing Overhead | 163,000 |
B.
| Wages Payable | 737,000 | |
| Direct Labor | 574,000 | |
| Manufacturing Overhead | 163,000 |
C.
| Direct Labor | 574,000 | |
| Manufacturing Overhead | 163,000 | |
| Wages Payable | 737,000 |
D.
| Work in Process | 574,000 | |
| Manufacturing Overhead | 163,000 | |
| Wages Payable | 737,000 |
Answer: D
Business
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