$24$

Direct materials used

Direct labor used

Predetermined overhead rate $($based on direct labor$)$

$03\mathrm{.}04$:$50$

Goods transferred to finished goods

$$87,000$

$160,000$

$155\%$

$432,000$

$444,000$

$810,000$

credit sales

Multiple Choice

Debit Work In Process Inventory $$160,000,$ credit Factory Wages $$160,000.$

Debit Work in Process Inventory $$160,000$; credit Factory Overhead $$160,000.$

Debit Work in Process Inventory $$248,000$; credit Factory Overhead $$248,000$

Debit Work in Process Inventory $$160,000$; credit Cash $$160,000.$

Deblt Factory Overhead $$248,000$; credit Cash $$248,000$