The journal entry to record the flow of costs into Department 1 during the period for applied overhead is
A) Factory Overhead-Department 1 150,000
Work in Process-Department 1 150,000
B) Work in Process-Department 1 125,000
Factory Overhead-Department 1 125,000
C) Work in Process-Department 1 80,000
Factory Overhead-Department 1 80,000
D) Work in Process-Department 1 150,000
Factory Overhead-Department 1 150,000

Question

Quizplus · Accepted Answer

The journal entry for applied overhead involves debiting Work in Process and crediting Factory Overhead for the same amount.

The Journal Entry to Record the Flow of Costs into Department