During February, Gross Company incurred factory overhead costs as follows: indirect materials, $34,000; indirect labor, $81,000; utilities cost, $10,000; and factory depreciation, $61,000. Journalize the entry to record the factory overhead incurred during February.
Answer:
Factory Overhead 186,000
Materials 34,000
Wages Payable 81,000
Utilities Payable 10,000
Accumulated Depreciation—Factory 61,000