Dazzle, Incorporated produces beads for jewelry making use. The following information summarizes production operations for June. The
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Dazzle, Incorporated produces beads for jewelry making use. The following information summarizes production operations for June. The journal entry to record June production activities for direct material usage is:
| Direct materials used | $ 96,000 |
|---|---|
| Direct labor used | 169,000 |
| Predetermined overhead rate (based on direct labor) | 160% |
| Goods transferred to finished goods | 441,000 |
| Cost of goods sold | 453,000 |
| Credit sales | 819,000 |
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