Penn Company Uses a Job Order Cost Accounting System

question 127

Multiple Choice

Penn Company uses a job order cost accounting system. In the last month, the system accumulated labor time tickets totaling $24,600 for direct labor and $4,300 for indirect labor. These costs were accumulated in Factory Payroll as they were paid. Which entry should Penn make to assign the Factory Payroll?

• A) A above
• B) B above
• C) C above
• D) D above
• E) E above

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