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Conoco Company has an actual factory overhead cost of Depreciation Expense—Equipment of $5,000
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
Expert Solution
Correct option is 1). Debit to Factory Department Overhead Control $5,000 and Credit to Accumulated Depreciation—Equipment $5,000
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