Verrett Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: $ 475,000 $ 476,000 $ 640,000 Raw materials purchased on account Raw materials (all direct) requisitioned for use in production Direct labor cost Manufacturing overhead: Indirect labor cost Other manufacturing overhead costs incurred Cost of goods manufactured Cost of goods sold (unadjusted) What is the journal entry to record the direct and indirect labor costs incurred during the year? $ 174,000 $ 498,000 $1,469,000 $1,430,000 Multiple Choice Credit Work in Process Manufacturing Overhead Wages Payable Debit 640,000 174,000 814,000 Credit Debit 814,000 Wages Payable Work in Process Manufacturing Overhead 640,000 174,000 Multiple Choice Credit Work in Process Manufacturing Overhead Wages Payable Debit 640,000 174,000 814,000 Credit Debit 814,000 Wages Payable Work in Process Manufacturing Overhead 640,000 174,000 Wages Payable Direct Labor Manufacturing Overhead Debit Credit 814,000 640,000 174,000 Credit Direct Labor Manufacturing Overhead Wages Payable Debit 640,000 174,000 814,000