When time ticket information is entered into the accounting system, the journal entry is a debit to Factory Payroll and a credit to Goods in Process Inventory.

Question

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The correct journal entry for entering time ticket information into the accounting system typically involves a debit to Work in Process Inventory (or Goods in Process Inventory) and a credit to Factory Payroll or Wages Payable, reflecting the allocation of direct labor costs to the production process.

When Time Ticket Information Is Entered into the Accounting System