Verrett Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Raw materials purchased on account $ 475,000 Raw materials (all direct) requisitioned for use in production Direct labor cost $ 476,000 $ 640,000 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 Debit Credit Work in Process 640,000 Manufacturing Overhead 174,000 Wages Payable 814,000 Debit Credit Direct Labor 640,000 Manufacturing Overhead 174,000 Wages Payable 814,000 Wages Payable Work in Process Manufacturing Overhead Debit Credit 814,000 640,000 174,000 Debit Credit Wages Payable 814,000 Direct Labor 640,000 Manufacturing Overhead 174,000