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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
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: Direct materials used Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred to finished goods Cost of goods sold Credit sales $ 84,000 $154,500 125% $442,000 $454,000 $828,000 Multiple Choice Debit Accounts Receivable $828,000; credit Cost of Goods Sold $828,000. Debit Accounts Receivable $828,000; credit Sales $374,000; credit Finished Goods Inventory $454,000. Debit Cost of Goods Sold $454,000; credit Sales $454,000. Debit Finished Goods Inventory $454,000; debit Sales $828,000; credit Accounts Receivable $828,000; credit Cost of Goods Sold $454,000. Debit Accounts Receivable $828,000, credit Sales $828,000; debit Cost of Goods Sold $454,000; credit Finished Goods Inventory $454,000
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