4 Re-Tire produces bagged mulch made from recycled tires, Production involves shredding tires and packaging the pieces for sale in the bagging department All direct materials enter in the first process. The following describes production operations for October, 2 pos Direct naterials used Direct labor used 35% in Shredding: 65% in Bing Prim Remences Predetermined overhead rate (based on direct labor) Transferred to agzine Transferred to finished goods $226,000 $129,000 1855 $203,50 3582,000 The company's revenue for the month totaled $470,000 from credit sales, and its cost of goods sold for the month is $252,000 Prepare summary journal entries dated October 31 to record its October production activities for (1) direct materials usage, (2) direct labor incurred (3) overhead applied, (4) goods transfer from Shredding to Bagging. (5) goods transfer from Bagging to finished goods. (6) credit sales, and (7) cost of goods sold