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 $ 584,000What is the journal entry to record the direct and indirect labor costs incurred during the year? Multiple ChoiceWages Payable 737,000 Direct Labor 574,000Manufacturing Overhead 163,000Direct Labor 574,000 Manufacturing Overhead 163,000 Wages Payable 737,000Wages Payable 737,000 Work in Process 574,000Manufacturing Overhead 163,000Work in Process 574,000 Manufacturing Overhead 163,000 Wages Payable 737,000
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