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

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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 direct labor usage is:

Direct materials used$91,000

Direct labor used 164,000

Predetermined overhead rate (based on direct labor) 160%

Goods transferred to finished goods 436,000

Cost of goods sold 448,000

Credit sales 814,000

business accounting

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Answer 1

Answer #1

Solution

General Journal	Debit	Credit
Work in process	$ 91,000.00
Raw material Inventory		$ 91,000.00
(To record issue of Direct material)

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Answer 2

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