Question: Libby Company manufactures a single product by a continuous process, involving the production departments. The records indicate that direct materials, direct labor and applied factory

Libby Company manufactures a single product by a continuous process, involving the production departments. The records indicate that direct materials, direct labor and applied factory overhead for Department I were $260,000, $125,000, and $150,000, respectively, The journal entry to record the cost of direct labor for the period is a. Work in Process-Department 1 125,000 Wages Payable 125,000 b. Wages Payable 125,000 Work in Process-Department 1 125,000 Oc Labor Expense 125,000 Work in Process-Department 1 125,000 Od. Work in Process --Department 1 125,000 Materials 125,000

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