Business, 23.07.2019 03:20 sindy35111

Portside watercraft uses a job order costing system. during one month portside purchased $153,000 of raw materials on credit; issued materials to production of $164,000 of which $24,000 were indirect. portside incurred a factory payroll of $95,000, paid in cash, of which $25,000 was indirect labor. portside uses a predetermined overhead rate of 170% of direct labor cost. the journal entry to record the application of factory overhead to production is:
a. debit factory overhead $119,000; credit work in process inventory $119,000.
b. debit work in process inventory $55,800; credit factory overhead $55,800.
c. debit work in process inventory $119,000; credit factory overhead $119,000.
d. debit work in process inventory $161,500; credit factory overhead $161,500.
e. debit work in process inventory $95,000; credit factory payroll $95,000.

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Portside watercraft uses a job order costing system. during one month portside purchased $153,000 of...

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