Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations and...
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Dazzle, Inc. 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 Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred to finished goods Cost of goods sold Credit sales $ 70,000 $ 128,800 175% $ 440,000 $452,000 $824,400 Multiple Choice Debit Accounts Receivable $824,400; credit Sales $372,400; credit Finished Goods Inventory $452,000. 0 Debit Accounts Receivable $824,400; credit Cost of Goods Sold $824,400. 0 Debit Finished Goods Inventory $452,000; debit Sales $824,400; credit Accounts Receivable $824,400; credit Cost of Goods Sold $452,000. 0 Debit Accounts Receivable $824,400; credit Sales $824,400; debit Cost of Goods Sold $452,000; credit Finished Goods Inventory $452,000. 0 Debit Cost of Goods Sold $452,000; credit Sales $452,000
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