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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 $87,000 160.000 155% 432,000 444,000 810,000 OO Debit Cost of Goods Sold $444000. credit Sales $444,000 Debit Finished Goods inventory $444,000, debit Sales 5810.000 credit Accounts Receivable $10,000 credit Cost of Goods Sold $444,000 O Debit Accounts Receivable $810,000 credit Sales $810.000 debit Cost of Goods Sold $414000 credit Finished Goods Inventory $414000 O Debit Accounts Receivable 5810,000 credit Sales 5366.000. credit nished Goods Inventory $444000 Debt Accounts Receivable $810,000 credit Cost of Goods Sold $810,000
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