Answered

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Oxford Company uses a job order costing system. In the last month, the system accumulated labor time tickets total $24,600 for direct labor and $4,300 for indirect labor. How are these costs recorded

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Answer:

Debit : Work in Process - Direct Labor  $24,600

Debit : Work in Process - Indirect Labor $4,300

Credit : Salaries and Wages Payable $28,900

Explanation:

The Journal entry accumulated costs in work in process as shown above.

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