Silo Manufacturing received timesheets submitted by employees reflecting $5,000 of direct labor costs to be paid next week.Which one of the following journal entries should Silo record for this transaction?
A) Work in Process Inventory 5,000
Wages Payable 5,000
B) Direct Labor 5,000
Work in Process Inventory 5,000
C) Wages Payable 5,000
Work in Process Inventory 5,000
D) Work in Process Inventory 5,000
Manufacturing Overhead 5,000
E) None of the answer choices is correct.
Correct Answer:
Verified
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