A company's beginning Work in Process inventory consisted of 38,000 units that were 80% complete with respect to direct labor. A total of 108,000 were finished during the period and 43,000 remaining in Work in Process inventory were 40% complete with respect to direct labor at the end of the period. Using the weighted average method, the equivalent units of production with regard to direct labor were o 60,400. o 125,200. o 94,000. o 108,000. o 155,600 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 direct material usage 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 $184,000 177,000 155% 449,000 461,000 827,000 Multiple Choice Debit Raw Materials Inventory $104,000, credit Accounts Payable $104,000. Debit Raw Materials Inventory $104,000; credit Finished Goods Inventory $104,000. Debit Cost of Goods Sold $104,000; credit Finished Goods Inventory $104,000. Debit Work in Process Inventory $104,000; credit Raw Materials Inventory $104,000 Debit Work in Process Inventory $104,000; credit Cost of Goods Sold $104.000. Williams Company computed its cost per equivalent unit for direct materials to be $150 and its cost per equivalent unit for conversion to be $3.77 A total of 308,000 units of product were completed and transferred out as finished goods during the month, and 23,000 of equivalent units remained unfinished at the end of the month. The amount that should be reported in Finished Goods Inventory is: $462.000. $86,710. $1,657,660. $1,623160. S121,210