- Dazzle Incorporated Produces Beads For Jewelry Making Use The Following Information Summarizes Production Operations A 1 (22.37 KiB) Viewed 141 times
Dazzle, Incorporated produces beads for jewelry making use. The following information summarizes production operations and sales activities for June. The journal entry to record June sales is Direct materials used i $ 84,000 Direct labor used 154,500 Predetermined overhead rate (based on direct labor) Goods transferred to finished goods Cost of goods sold Credit sales 442,000 454,000 828,000 Multiple Choice Debit Finished Goods Inventory $454,000; debit Selers $828,000, credit Accounts Receivable $828,000; credit Cost of Goods Sold $454,000. Debit Cost of Goods Sold $454,000; credit Seles $454,000. Debit Accounts Receivable $828,000; crede Sales $374,000; credit Finished Goods Inventory $454,000 Debit Accounts Receivable $828,000, credt Cost of Goods Sold $828,000 Debit Accounts Receivable $828,000; credit Sales $828,000; debit Cost of Goods Sold $454,000 credit Finished Goods Inventory $454,000. 125%