Question
1 Dazzle, Inc. produces beads for jewelry making use. The following information Summarizes production operations and sales activities for June. The journal entry to record
1 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:
DM Used $ 87,000 DL Used 160,000 Predetermined OH rate (based on DL) 155% Goods transferred to FG Inventory 432,000 COGS 444,000 Credit Sales 810,000
a. Dr. Accts. Receivable $810,000 Cr. COGS $810,000
b. Dr. Accts. Receivable 810,000 Cr. Sales 810,000 Dr. COGS 444,000 Cr FG inventory 444,000
c. Dr. Accts. Receivable 810,000 Cr. Sales 36,000 Cr. FG Inventory 444,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started