Question

Entry for Factory Labor Costs A summary of the time tickets is as follows: Job No....

Entry for Factory Labor Costs

A summary of the time tickets is as follows:

Job No. Amount
100 $2,410
101 2,000
104 3,660
108 4,220
Indirect 12,850
111 2,570
115 1,690
117 11,440

Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank.

Work in Process ______ _______
Factory Overhead ______ _______
Wages Payable ______ _______
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Answer #1

Solution:

Accounts Debit Credit
Work in Process Dr (2410+2000+3660+4220+2570+1690+11440) $27,990
Factory Overhead Dr $12,850
       To Wages Payable $40,840
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