Dazzle, Inc. produces beads for jewelry making use. The following information su

Question

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:

Debit Raw Materials Inventory $87,000; credit Accounts Payable $87,000.

Debit Raw Materials Inventory $87,000; credit Finished Goods Inventory $87,000.

Debit Cost of Goods Sold $87,000; credit Finished Goods Inventory $87,000.

Debit Work in Process Inventory $87,000; credit Raw Materials Inventory $87,000.

Debit Work in Process Inventory $87,000; credit Cost of Goods Sold $87,000.

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

Explanation / Answer

The journal entry to record June production activities for direct material usage is D) Debit Work in Process Inventory $87,000; credit Raw Materials Inventory $87,000

Related Questions

Navigate

• Browse (All)
• Browse D
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.