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Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June....

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 overhead allocation is:

  Direct materials used $ 106,000
  Direct labor used 179,000
  Predetermined overhead rate (based on direct labor) 162 %
  Goods transferred to finished goods 451,000
  Cost of goods sold 463,000
  Credit sales 1,000,000

Multiple Choice

  • Debit Work in Process Inventory $179,000; credit Cash $179,000.

  • Debit Work in Process Inventory $179,000; credit Factory Payroll $179,000.

  • Debit Work in Process Inventory $179,000; credit Factory Overhead $179,000.

  • Debit Work in Process Inventory $289,980; credit Factory Overhead $289,980.

  • Debit Factory Overhead $289,980; credit Cash $289,980

Math   Statistics-And-Probability   
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