If the factory labor cost for a month was $123,000 (paid in cash), the following journal entry would be recorded by the process cost accounting system:

Name: If the factory labor cost for a month was $123,000 (paid in cash), the following journal entry would be recorded by the process cost accounting system:
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The journal entry to record factory labor cost paid in cash in a process cost accounting system would be a debit to the Factory Labor account and a credit to the Cash account.

If the Factory Labor Cost for a Month Was $123,000