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Esposito, Inc. uses a just-in-time costing system. During the month, Esposito incurred $700,000 as direct labor and $8000 as overhead. Wages were not paid. Which of the following is the correct journal entry to record the conversion costs?A. Conversion Costs 708,000 Wages Payable 708,000B. Manufacturing Overhead 708,000 Conversion Costs 708,000C. Conversion Costs 708,000 Wages Payable, Accumulated Depreciation, etc. 708,000D. Conversion Costs 708,000 Accounts Payable 708,000
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Esposito, Inc. uses a just-in-time costing system. During the month, Esposito incurred $700,000 as d...
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