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 $ 99,000
Direct labor used 172,000
Predetermined overhead rate (based on direct labor) 160 %
Goods transferred to finished goods 444,000
Cost of goods sold 456,000
Credit sales 822,000
A. Debr Factory Wages Payable $172.000. credit Cash $172.000.
B. Debit Work in Process Inventory $72.000 credit Factory Wages Payable $172,000
C. Debir Cost of Goods Sold $172,000 credit Factory Wages Payable $172,000
D. Debit Work in Process Inventory $172,000 credit Raw Materials inventory $172.000.
E. Debe Work in Process Inventory $172.000; Credit Cash $172.000.
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