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If the Factory Labor Cost for a Month Was $123,000  Factory Payroll 123,000Cash 123,000\begin{array}{llr} \text { Factory Payroll } &123,000\\ \text {Cash } &&123,000\\\end{array}

Question 43

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If the factory labor cost for a month was $123,000 (paid in cash),the following journal entry would be recorded by the process cost accounting system:
 Factory Payroll 123,000Cash 123,000\begin{array}{llr} \text { Factory Payroll } &123,000\\ \text {Cash } &&123,000\\\end{array}

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