During the period, labor costs incurred on account amounted to $250,000 including $200,000 for production orders and $50,000 for general factory use. In addition, factory overhead applied to production was $23,000. From the following, select the entry to record the factory overhead applied to production.
Answer
Work in Process 50,000
Factory Overhead 50,000
Factory Overhead 23,000
Work in Process 23,000
Work in Process 23,000
Factory Overhead 23,000
Factory Overhead 50,000
Accounts Payable 50,000