The journal entry to record the $500 of work in process ending inventory that consists of $300 of direct materials, $50 of manufacturing overhead, and $150 of direct labor is which of the following?

A. Work in Process Inventory 500

Accounts Payable 500

B. Accounts Payable 500

Work in Process Inventory 500

C. Work in Process Inventory 500

Materials Inventory 300

Wages Payable 150

Manufacturing Overhead 50

D. Cost of Goods Sold 500

Work in Process Inventory 500

Question

Business

Joslyn Kirby

5 October, 19:57

The journal entry to record the $500 of work in process ending inventory that consists of $300 of direct materials, $50 of manufacturing overhead, and $150 of direct labor is which of the following?

A. Work in Process Inventory 500

Accounts Payable 500

B. Accounts Payable 500

Work in Process Inventory 500

C. Work in Process Inventory 500

Materials Inventory 300

Wages Payable 150

Manufacturing Overhead 50

D. Cost of Goods Sold 500

Work in Process Inventory 500

+3

Answers (1)

Know the Answer?

Evelin Stevens · Answer 1

C. Work in Process Inventory 500; Materials Inventory 300; Wages Payable 150; Manufacturing Overhead 50

Explanation:

The journal entry will definitely be as follows

Account Title Debit Credit

Work in Process Inventory $500

Raw materials inventory $300

Wages payable $150

Manufacturing overhead $50