Factory Payroll Payable Assignment

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 87,000 Direct labor used 160,000 Predetermined overhead rate (based on direct labor) Goods transferred to finished goods Cost of goods sold 1558 432,000 444,000 810,000 Credit sales Multiple Choice Debit Work in Process Inventory $160,000; credit Raw Materials Inventory $160,000.

Debit Cost of Goods Sold $160,000; credit Factory Payroll Payable $160,000. Debit Work in Process Inventory $160,000; credit Factory Payroll Payable $160,000. Prev 29 of 40 Next> Multiple Choice Debit Work in Process Inventory $160,000; credit Raw Materials Inventory $160,000. Debit Cost of Goods Sold $160,000; credit Factory Payroll Payable $160,000. Debit Work in Process Inventory $160,000; credit Factory Payroll Payable $160,000. Debit Work in Process Inventory $160,000; credit Cash $160,000. Debit Factory Payroll Payable $160,000; credit Cash $160,000. Get Accounting homework help today

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