bard manufacturing uses a job order cost accounting system during one month bard p 404204

Bard Manufacturing uses a job order cost accounting system. During one month Bard purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Bard incurred a factory payroll of $150,000, paid in cash, of which $40,000 is classified as indirect labor. Bard uses a predetermined overhead application rate of 150% of direct labor cost. The journal entry to record payment of the factory payroll is: a. Debit Goods in Process Inventory $150,000; credit Factory Payroll $150,000. b. Debit Goods in Process Inventory $150,000; credit Cash $150,000. c. Debit Factory Payroll $150,000; credit Cash $150,000. d. Debit Goods in Process Inventory $110,000; debit Factory Overhead $40,000; credit Factory Payroll $150,000. e. Debit Goods in Process Inventory $110,000; debit Factory Overhead $40,000; credit Cash $150,000.