Dazzle inc produces beads for jewelry making use the


Dazzle, Inc. 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 $87,000 Direct labor used 160,000 Predetermined overhead rate (based on direct labor) 155% Goods transferred to finished goods 432,000 Cost of goods sold 444,000 Credit sales 810,000 Debit Accounts Receivable $810,000; credit Cost of Goods Sold $810,000. Debit Accounts Receivable $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 Receivable $810,000; credit Cost of Goods Sold $444,000. Debit Accounts Receivable $810,000; credit Sales $810,000; debit Cost of Goods Sold $444,000; credit Finished Goods Inventory $444,000.

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Financial Accounting: Dazzle inc produces beads for jewelry making use the
Reference No:- TGS01606294

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