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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 material usage is: Direct materials used $ 96,000 169,000 Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred to finished goods 441,000 Cost of goods sold 453,000 Credit sales 819,000 160%

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 material usage is: Direct materials used $ 96,000 169,000 Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred to finished goods 441,000 Cost of goods sold 453,000 Credit sales 819,000 160%

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 53P: Cost of Direct Materials, Cost of Goods Manufactured, Cost of Goods Sold Bisby Company manufactures...
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Multiple Choice Debit Raw Materials Inventory $96,000; credit Accounts Payable $96,000. Debit Raw Materials Inventory $96,000; credit Finished Goods Inventory $96,000. Debit Cost of Goods Sold $96,000; credit Finished Goods Inventory $96,000. Debit Work in Process Inventory $96,000; credit Raw Materials Inventory $96,000. Debit Work in Process Inventory $96,000; credit Cost of Goods Sold $96,000. Prev 1 of 7 ▪▪▪ Score answer > O
Transcribed Image Text:Multiple Choice Debit Raw Materials Inventory $96,000; credit Accounts Payable $96,000. Debit Raw Materials Inventory $96,000; credit Finished Goods Inventory $96,000. Debit Cost of Goods Sold $96,000; credit Finished Goods Inventory $96,000. Debit Work in Process Inventory $96,000; credit Raw Materials Inventory $96,000. Debit Work in Process Inventory $96,000; credit Cost of Goods Sold $96,000. Prev 1 of 7 ▪▪▪ Score answer > O
Subm 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 material usage is: Direct materials used $ 96,000 169,000 Direct labor used 160% Predetermined overhead rate (based on direct labor) Goods transferred to finished goods 441,000 Cost of goods sold Credit sales 453,000 819,000 Multiple Choice Debit Raw Materials Inventory $96,000; credit Accounts Payable $96,000. Debit Raw Materials Inventory $96,000; credit Finished Goods Inventory $96,000. < Prev 1 of 7 # Score answer >
Transcribed Image Text:Subm 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 material usage is: Direct materials used $ 96,000 169,000 Direct labor used 160% Predetermined overhead rate (based on direct labor) Goods transferred to finished goods 441,000 Cost of goods sold Credit sales 453,000 819,000 Multiple Choice Debit Raw Materials Inventory $96,000; credit Accounts Payable $96,000. Debit Raw Materials Inventory $96,000; credit Finished Goods Inventory $96,000. < Prev 1 of 7 # Score answer >
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