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Conoco Company has an actual factory overhead cost of Depreciation Expense—Equipment of $5,000

Accounting

Conoco Company has an actual factory overhead cost of Depreciation Expense—Equipment of $5,000. Job-order costing is used. The journal entry to record this actual cost would include ________.

Group of answer choices

Debit to Factory Department Overhead Control $5,000 and Credit to Accumulated Depreciation—Equipment $5,000

Debit to Depreciation Expense—Equipment $5,000 and Credit to Accumulated Depreciation—Equipment $5,000

Debit Work-In-Process Inventory $5,000 and Credit to Factory Department Overhead Control $5,000

Debit to Work-In-Process Inventory $5,000 and Credit to Factory Department Overhead Applied $5,000

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 Correct option is 1). Debit to Factory Department Overhead Control $5,000 and Credit to Accumulated Depreciation—Equipment $5,000

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