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6 Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The journal entry to record June production
6 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 overhead allocation is: Direct materials used $ 88,000 00:55:23 Direct labor used $161,000 Predetermined overhead rate (based on direct labor) 156% Goods transferred to finished goods $433,000 Ask Cost of goods sold Credit sales Multiple Choice Debit Work in Process Inventory $161,000; credit Factory Overhead $161,000. Debit Work in Process Inventory $161,000; credit Cash $161,000. Debit Factory Overhead $251,160; credit Cash $251,160. Debit Work in Process Inventory $251,160; credit Factory Overhead $251,160. $445,000 $820,000
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