Multiple Choice
During the month,New Products Manufacturing incurred $47,000 in direct labor costs in Department 1,$24,000 direct labor costs in Department 2,and $3,500 of indirect labor costs.The summary journal entry to record these transactions includes a ________.
A) credit to Manufacturing Overhead for $3,500
B) debit to Work-in-Process Inventory for $71,000
C) credit to Wages Payable for $71,000
D) debit to Work-in-Process Inventory-Department 2 for $24,000
Correct Answer:
Verified
Correct Answer:
Verified
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