Libby Company manufactures a single product by a continuous process, involving the production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $160,000, $125,000, and $150,000, respectively. The journal entry to record applied factory overhead is 150,000 150,000 150,000 150,000 O a. Work in Process-Department 1 Materials O b. Work in Process-Department 1 Wages Payable O c. Overhead Expense Work in Process-Department 1 O d. Work in Process-Department 1 Factory Overhead-Department 1 150,000 150,000 150,000 150,000