Matco Steel Company manufactures a single product by a continuous process, involving two production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000, respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $50,000, $60,000, and $70,000, respectively. The journal entry to record the flow of costs into Department 1 during the period for applied factory overhead is: Factory Overhead--Department 1 150,000 Work in Process--Department 1 150,000 Factory Overhead--Department 1 150,000 Wages Payable 150,000 Work in Process--Department 1 Factory Overhead--Department 1 150,000 150,000