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Oxford Company uses a job order costing system. In the last month, the system accumulated labor...

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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Journal entry
No. Account Titles and Explanations Debit Credit
1 Work in process Inventory $       24,600
Factory Overhead $         4,300
To, Factory wages payable $       28,900
In job order costing, Direct labor cost is recorded as Work in Process Inventory and Indirect labor costs is recorded as Factory Overhead. And both are credited to Factory Wages Payable.
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