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4 pts Penn Company uses a job order cost accounting system. In the last month, the system accumulated labor time tickets totaling $31,000 for direct
4 pts Penn Company uses a job order cost accounting system. In the last month, the system accumulated labor time tickets totaling $31,000 for direct labor and $6,200 for indirect labor. These costs were accumulated in Factory Payroll as they were paid. Which entry should Penn make to assign the Factory Payroll? Credit General Journal (A) Payroll Expense Cash Debit 37,200 37,200 (B) 31,000 6.200 Payroll Expense Factory Overhead Factory Payroll 37,200 (c) Goods in Process Inventory Factory Overhead Factory Payroll 31,000 6.200 37.200 31,000 6,200 37,200 (D) Goods in Process Inventory Factory Overhead Accrued Wages Payable 37,200 37,200 (E) Goods in Process Inventory Factory Payroll
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