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Dazzle, Incorporated produces beads for jewelry making use. The following information summarizes production operations and sales activities for June. The journal entry to record
Dazzle, Incorporated 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 Finished Goods Inventory $454,000; debit Sales $828,000, credit Accounts Receivable $828,000, credit Cost of Goods Sold $454,000 Debit Cost of Goods Sold $454,000; credit Sales $454,000. Debit Accounts Receivable $828,000; crede Sales $374,000; credit Finished Goods Inventory $454,000 Debit Accounts Receivable $828,000, credit Cost of Goods Sold $828,000 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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