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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 June
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: Multiple Choice Debit Accounts Recelvable $810,000; credit Cost of Goods Sold $810,000. Debit Accounts Recelvable $810,000; credit Sales $366,000; credit Finished Goods Inventory $444,000. Debit Cost of Goods Sold $444,000; credit Sales $444,000. Debit Finished Goods Inventory $444,000; debit Sales $810,000; credit Accounts Recelvable $810,000; credit: Cost of Goods Sold $444,000. Debit Accounts Recelvable \$810,000; credit Sales \$810,000; debit Cost of Goods Sold $444,000; credit Finished Goods Inventory $444,000. A manufacturer estimates total factory overhead costs of $4,560,000 and total direct labor costs of $2,280,000 for its first year of operations. During January, the company used $108,000 of direct labor cost in its Blending department and $83,000 of direct labor cost in its Bottling department. The company computes its predetermined overhead rate as a percentage of direct labor cost. Which of the following is the correct journal entry to apply factory overhead to the Blending and Bottling departments. Multiple Cholce Debit Work In Process Inventory-Blending \$216,000; debit Work in Process Inventory-Bottling \$166,000; credit Factory Overhead $382,000. Debit Work In Process Inventory $382,000; credlt Factory Overhead $382,000. Debit Work in Process Inventory_Blending \$216,000; debit Work in Process Irventory_Bottling \$166,000; credit Factory Wages Payable $382000. Debit Work in Process Inventory-Blending \$108,000; deblt Work in Process Inventory-BottIing \$83,000; credit Factory Overhead $191,000. Debit Work in Process Inventory \$191,000; credit Factory Overhead \$191,000. 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: Multiple Choice Debit Accounts Recelvable $810,000; credit Cost of Goods Sold $810,000. Debit Accounts Recelvable $810,000; credit Sales $366,000; credit Finished Goods Inventory $444,000. Debit Cost of Goods Sold $444,000; credit Sales $444,000. Debit Finished Goods Inventory $444,000; debit Sales $810,000; credit Accounts Recelvable $810,000; credit: Cost of Goods Sold $444,000. Debit Accounts Recelvable \$810,000; credit Sales \$810,000; debit Cost of Goods Sold $444,000; credit Finished Goods Inventory $444,000. A manufacturer estimates total factory overhead costs of $4,560,000 and total direct labor costs of $2,280,000 for its first year of operations. During January, the company used $108,000 of direct labor cost in its Blending department and $83,000 of direct labor cost in its Bottling department. The company computes its predetermined overhead rate as a percentage of direct labor cost. Which of the following is the correct journal entry to apply factory overhead to the Blending and Bottling departments. Multiple Cholce Debit Work In Process Inventory-Blending \$216,000; debit Work in Process Inventory-Bottling \$166,000; credit Factory Overhead $382,000. Debit Work In Process Inventory $382,000; credlt Factory Overhead $382,000. Debit Work in Process Inventory_Blending \$216,000; debit Work in Process Irventory_Bottling \$166,000; credit Factory Wages Payable $382000. Debit Work in Process Inventory-Blending \$108,000; deblt Work in Process Inventory-BottIing \$83,000; credit Factory Overhead $191,000. Debit Work in Process Inventory \$191,000; credit Factory Overhead \$191,000
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