Dazzle, Inc A) Debit Factory Overhead $248,000; Credit Cash $248,000

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 overhead allocation is: $\begin{array} { | l | r | } \hline \text { Direct materials used } & \$ 87,000 \\\hline \text { Direct labor used } & 160,000 \\\hline \text { Predetermined overhead rate (based on direct labor) } & 155 \% \\\hline \text { Goods transferred to finished goods } & 432,000 \\\hline \text { Cost of goods sold } & 444,000 \\\hline \text { Credit sales } & 810,000 \\\hline\end{array}$

A) Debit Factory Overhead $248,000; credit Cash $248,000.
B) Debit Work in Process Inventory $160,000; credit Factory Overhead $160,000.
C) Debit Work in Process Inventory $248,000; credit Factory Overhead $248,000.
D) Debit Work in Process Inventory $160,000; credit Cash $160,000.
E) Debit Work in Process Inventory $160,000; credit Factory Payroll $160,000.

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