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Penn Company uses a job order cost accounting system. In the last month, the system accumulated labor time tickets to $6,500 for indirect labor. These
Penn Company uses a job order cost accounting system. In the last month, the system accumulated labor time tickets to $6,500 for indirect labor. These costs were accumulated in Factory Payroll as they were paid. Which entry should Pennn Credit General Joumal (A) Payroll Expense Cash Debit 39,000 39,000 (B) Payroll Expense Factory Overhead Factory Payroll 32,500 6,500 39,000 (C) Goods in Process Inventory Factory Overhead Factory Payroll 32,500 6,500 39,000 (D) Goods in Process Inventory Factory Overhead Accrued Wages Payable 32,500 6,500 39,000 (E) Goods in Process Inventory Factory Payroll 39.000 39.000 O Option A Option B Optionc Option D Option E
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