Jacob Company has four processing departments and follows a process costing system. It incurred $150,000 in machinery depreciation and $60,000 in indirect costs that were paid in cash. Provide the journal entry(ies)to record these transactions.

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The Answer of Jacob Company has four processing departments and follows a process costing system. It incurred $150,000 in machinery depreciation and $60,000 in indirect costs that were paid in cash. Provide the journal entry(ies)to record these transactions.

Jacob Company Has Four Processing Departments and Follows a Process