Which of the Following Shows Entries Only to Control Accounts $\begin{array}{llr} \text { Factory Labor } &\\ \text { Factory Wages Payable } &\\\end{array}$

question 150

Short Answer

Which of the following shows entries only to control accounts?
a.
$\begin{array}{llr} \text { Factory Labor } &\\ \text { Factory Wages Payable } &\\\end{array}$

b.
$\begin{array}{llr} \text { Work in Process } &\\ \text { Factory Labor} &\\ \text {Raw Materials Inventory } &\\ \text {Factory Wages Payable } &\end{array}$

c.
$\begin{array}{llr} \text { Work in Process} &\\ \text { Manufacturing Overhead } &\\ \text { Raw Materials Inventory } &\end{array}$

d.
$\begin{array}{llr} \text { Factory Labor } &\\ \text { Raw Materials Inventory } &\\ \text { Accounts Payable } &\\ \text { Factory Wages Payable } &\end{array}$

---

Definitions:

3/10 Net 30

A payment term indicating that a buyer can deduct 3% of the invoice amount if payment is made within 10 days; otherwise, the full amount is due within 30 days.

Invoice

A document issued by a seller to a buyer, detailing products or services provided, prices, and payment terms.

Markup

The amount added to the cost price of goods to cover overhead and profit, expressed as a percentage of the cost.

Gross Profit

The financial gain obtained after subtracting the cost of goods sold from the total revenue.