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3 16 points TB MC Qu. 16-149 (Algo) Dazzle, Incorporated produces beads for... Dazzle, Incorporated produces beads for jewelry making use. The following information
3 16 points TB MC Qu. 16-149 (Algo) Dazzle, Incorporated produces beads for... 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 labor usage is: Direct materials used Direct labor used $ 105,000 178,000 01:38:18 Predetermined overhead rate (based on direct labor) Goods transferred to finished goods 160% 450,000 References Cost of goods sold Credit sales Multiple Choice Debit Work in Process Inventory $178,000; credit Accounts Receivable $178,000. 462,000 828,000 Debit Work in Process Inventory $178,000; credit Raw Materials Inventory $178,000. Debit Cost of Goods Sold $178,000; credit Factory Wages Payable $178,000. Debit Work in Process Inventory $178,000; credit Factory Wages Payable $178,000. Debit Factory Wages Payable $178,000; credit Cash $178,000.
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