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Chapters 11-20 MC1 Saved Help Save & Exit Submit Dazzle, Incorporated produces beads for jewelry making use. The following information summarizes production operations for
Chapters 11-20 MC1 Saved Help Save & Exit Submit 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 Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred to finished goods Cost of goods sold Credit sales Multiple Choice Debit Work in Process Inventory $100,000: credit Cost of Goods Sold $100,000 $ 100,000 173,000 160% 445,000 457,000 823,000 Debit Raw Materials Inventory $100.000. credit Finished Goods Inventory $100.000
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