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Question 1: Conoco Company has an actual factory overhead cost of Depreciation Expense-Equipment of $5,000. Job-order costing is used. The journal entry to record this actual cost would include ________.
Group of answer choices
Option 1: Debit to Factory Department Overhead Control $5,000 and Credit to Accumulated Depreciation-Equipment $5,000
Option 2: Debit to Depreciation Expense-Equipment $5,000 and Credit to Accumulated Depreciation-Equipment $5,000
Option 3: Debit Work-In-Process Inventory $5,000 and Credit to Factory Department Overhead Control $5,000
Option 4: Debit to Work-In-Process Inventory $5,000 and Credit to Factory Department Overhead Applied $5,000
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