Dazzle Inc. produces beads for jewelry making use. The following information summarizes production operations for...
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Dazzle Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The journal entry to record June production activities for direct labor usage is: Direct materials used Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred to finished goods Cost of goods sold Credit sales $ 99,000 172,000 160% 444,000 456,000 822,000 Multiple Choice o Debr Factory Wages Payable $172.000. credit Cash $172.000. Debit Work in Process Inventory $72.000 credit Factory Wages Payable $172,000 Debir Cost of Goods Sold $172,000 credit Factory Wages Payable $172,000 oooo Debit Work in Process Inventory $172,000 credit Raw Materials inventory $172.000. Debe Work in Process Inventory $172.000; Credit Cash $172.000
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