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5 September, 13:07

Entry for Factory Labor Costs A summary of the time tickets is as follows: Job No. Amount 100 $3,460 101 2,870 104 5,260 108 5,950 Indirect 18,440 111 3,630 115 2,380 117 16,120 Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank.

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  1. 5 September, 13:30
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    DR Work in Progress Account $39,650

    DR Factory Overhead Account $18,440

    CR Wages Payable $58,090

    (To record factory Labor Costs)

    Workings

    Work in Progress

    Standard policy is to send the direct cost of Labor to the Work in Progress Account.

    The Total direct cost of labor are all of the above except the Indirect cost.

    = 3,460 + 2,870 + 5,260 + 5,950 + 3,630 + 2,380 + 16,120

    = $39,650
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