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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
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 | $ 96,000 |
---|---|
Direct labor used | 169,000 |
Predetermined overhead rate (based on direct labor) | 160% |
Goods transferred to finished goods | 441,000 |
Cost of goods sold | 453,000 |
Credit sales | 819,000 |
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