Portside Watercraft uses a job order costing system. During the month, Portside purchased $173,000 of raw materials
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Question:
Portside Watercraft uses a job order costing system. During the month, Portside purchased $173,000 of raw materials on credit; issued materials to production of $164,000, of which $24,000 were indirect. Portside incurred a factory payroll cost of $95,000, of which $25,000 was indirect labor. Portside uses a predetermined overhead rate of 170% of direct labor cost. The journal entry to record the direct labor costs used in production is:
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