Docksider Boats uses a job order cost accounting system. During one month Docksider purchased $153,000 of raw materials on credit; issued materials to production of $164,000 of which $24,000 were indirect. Docksider incurred a factory payroll of $95,000, paid in cash, of which $25,000 is classified as indirect labor. Docksider uses a predetermined overhead application rate of 170% of direct labor cost. The journal entry to record the issuance of materials to production is: Answer Debit Raw Materials Inventory $153,000; credit Accounts Payable $153,000. Debit Goods in Process Inventory $140,000; debit Factory Overhead $24,000; credit Raw Materials Inventory $164,000. Debit Raw Materials Inventory $195,000; credit Goods in Process Inventory $195,000. Debit Goods in Process Inventory $140,000; debit Raw Materials Inventory $24,000; credit Materials Inventory $164,000. Debit Finished Goods Inventory $140,000; credit Raw Materials Inventory $140,000