Which of the following journal entries properly records direct labor costs (on account) of $7.000 incurred in the Formulating Department? Multiple Choice Salaries and Wages Payable Finished Goods-Formulating 7,000 7,000 Finished Goods-Formulating Salaries and Wages Payable 7,000 7,000 7,000 Work in Process-Formulating Salaries and Wages Payable 17,000 7,000 Salaries and Wages Payable Work in Process-Formulating 7,000