Work in Process.

Factory Wages Expense.

Factory Wages Payable.

invoices, time tickets and predetermined overhead rate.

material requisition slips, time tickets and the actual overhead costs.

material requisition slips, payroll register and predetmined overhead rate.

debit Work in Process Inventory.

debit Manufacturing Overhead.

credit Raw Materials Inventory.

Manufacturing Overhead and a credit to Factory Labor.

Factory Labor and a credit to Manufacturing Overhead.

Factory Labor and a credit to Work in Process Inventory.

direct labor cost.

direct labor hours.

machine hours.

$120,000

$168,000

$160,000

Debit Finished Goods Inventory $7,000 and credit Work in Process Inventory $7,000.

Debit Cost of Goods Sold $7,000 and credit Finished Goods Inventory $7,000.

Debit Accounts Receivable $7000 and credit Sales $7000.

prepaid expense.

noncurrent asset.

noncurrent liability.

Once production begins,it continuous untill the finished product energes.

The focus is on continually producing homogeneous products.

When the same amount of materials labor and overhead.

Both a job order and a process cost system track the same three manufacturing cost element - direct materials, direct labor and manufacturing overhead.

In a job order cost system, only one work in process accounting is used, whereas in a process cost system, multiple work in process cost system.

Manufacturing costs are accumulated the same way if a job order and in a process cost system.