Agostino,Inc B) $$\begin{array} { | c | r | r | } \hline \text { Conversion Costs } & 309,000 & \\\hline \text { Wages Payable } & & 309,000 \\\hline\end{array}$$

question 154

Multiple Choice

Agostino,Inc.uses a just-in-time costing system.During the month,Agostino incurred $300,000 as direct labor and $9,000 as overhead.Which of the following is the correct journal entry to record the conversion costs?

• A) \[\begin{array} { | c | r | r | }
• \hline \text { Conversion Costs } & 309,000 & \\
• \hline \text { Wages Payable, Accumulated Depreciation, etc. } & & 309,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Conversion Costs } & 309,000 & \\
• \hline \text { Wages Payable } & & 309,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | r | r | }
• \hline \text { Manufacturing Overhead } & 309,000 & \\
• \hline \text { Conversion Costs } & & 309,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Conversion Costs } & 309,000 & \\
• \hline \text { Accounts Payable } & & 309,000 \\
• \hline
• \end{array}\]

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