ABC Company incurs the following labor costs: $88,000 of labor related directly product assembly $37,000 of labor related to product finishing, and $24,000 of labor for the assembly and finishing supervisors' salaries. The journal entries to record the labor costs for ABC Company would include: . Multiple Choice a debit to Work in Process for $125,000 and a debit to Factory Overhead for $24,000. a debit to Work in Process for $149,000. a debit to Work in Process for $88,000 and a debit to Factory Overhead for $61,000. a debit to Work in Process for $125,000 and a debit to Woges Exp for $24,000 a debit to Work in Process for $88,000 and a debit to Wages Exp for $61,000. Details for ABC Company (who uses a process costing system for its production) are as follows: . Cost per equivalent unit for direct materials is $2.00 . Cost per equivalent unit for conversion is $3.55 A total of 399,000 units were completed and transferred out of WIP and into finished goods during the period. Ending Work in Process inventory consists of 24,000 equivalent units of direct materials and 24,000 equivalent units of conversion costs. What is the correct ending balance for the Work in Process account? Multiple Choice $48.000 $85,200 $133,200 $2.214.450 Review the information in the table below. What journal entry should be made to record the cost of direct materials used in production? Direct materials used Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred to finished goods Cost of goods sold Credit sales $ 97,000 170,000 1508 442,000 454,000 820,000 Multiple Choice $97,000 Work in Process Cost of Goods Sold $97,000 $97.000 Cost of Goods Sold Finished Goods Inventory $97,000