Under a just-in-time costing system, the journal entry for $16,000 incurred for labor costs and $2,500 of factory deprecation would be: OA. Accounts Payable 18,500 Conversion Costs 16,000 Accumulated Deprecation 2,500 OB. Conversion Costs 18,500 Accounts Payable 16,000 Accumulated Depreciation 2,500 OC. Conversion Costs 18,500 Wages Payable 16,000 Accumulated Deprecation 2,500 OD. Conversion Costs 18,500 Cash 18,500