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A company manufactured 50,000 units of a product at a cost of $500,000. It sold 45,000 units at $15 each. The gross profit is a. $600,000 b. $270,000 c. $750,000 d. $225,000 During the period, labor costs incurred on accourt amounted to $175,000, meluding $150,000 for production orders and $25,000 for general factory use. In addition, factory overbead charged to production was $32,000. The entry to record the direct labor costs is a. Work in Process Wages Payable 150,000150,000 b. Wages Payable 150,000 Work in Process 150,000 c. Work in Process 175,000 Wages Payable 175,000 d. Wages Payable 175,000 Work in Procest 175,000