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TB MC Qu. 16-149 Dazzle, Inc. produces beads for... Dazzle Inc. produces beads for jewelry making use. The following information summarizes production operations for June.
TB MC Qu. 16-149 Dazzle, Inc. produces beads for... Dazzle Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The journal entry to record June production activities for direct labor usage 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 $ 98,000 171,000 155% 443,000 455,000 821,000 Multiple Choice O Debit Factory Wages Payable $171,000; credit Cash $171,000. Debit Work in Process Inventory $171,000, credit Factory Wages Payable $171,000. Debit Cost of Goods Sold $171,000, credit Factory Wages Payable $171,000. Debit Work in Process inventory $171,000 credit Raw Materials Inventory $171.000 O Debit Work in Process inventory $171000 credit Cash $171.000
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