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 - $ 95,000 direct labor used - 168,000 predetermined overhead rate (based on direct labor) - 155 % goods transferred to finished goods - 440,000 cost of goods sold - 452,000 credit sales - 818,000a. debit raw materials inventory $95,000; credit accounts payable $95,000.
b. debit raw materials inventory $95,000; credit finished goods inventory $95,000.
c. debit cost of goods sold $95,000; credit finished goods inventory $95,000.
d. debit work in process inventory $95,000; credit raw materials inventory $95,000.
e. debit work in process inventory $95,000; credit cost of goods sold $95,000.