Question

1 Dazzle, Inc. produces beads for jewelry making use. The following information Summarizes production operations and sales activities for June. The journal entry to record June sales is:

DM Used $ 87,000 DL Used 160,000 Predetermined OH rate (based on DL) 155% Goods transferred to FG Inventory 432,000 COGS 444,000 Credit Sales 810,000

a. Dr. Accts. Receivable $810,000 Cr. COGS $810,000

b. Dr. Accts. Receivable 810,000 Cr. Sales 810,000 Dr. COGS 444,000 Cr FG inventory 444,000

c. Dr. Accts. Receivable 810,000 Cr. Sales 36,000 Cr. FG Inventory 444,000