1. In the current fiscal year, the company paid $320,000 to its factory employees. Of this amount, 60% was direct labor and the rest was indirect. What is the journal entry to record this economic event?

   Work In Process Inventory		320,000
   Wages Payable			320,000

   Wages Expense	320,000
   Wages Payable		320,000

   Work In Process Inventory		192,000
   Wages Expense		128,000
   Wages Payable			320,000

   Work In Process Inventory		192,000
   Manufacturing Overhead		128,000
   Wages Payable			320,000