Bangles and Bobbles produces beads used to make jewelry. The following information summarizes production operations for April. The journal entry to record April production activities for direct material usage is:

Direct materials used	$96,000
Direct labor used	115,000
Predetermined overhead rate (based on direct labor)	140%
Goods transferred to finished goods	392,000
Cost of Goods sold	478,000
Credit Sales	925,000

		Debit Work in Process Inventory $96,000; credit Raw Materials Inventory $96,000.
		Debit Raw Materials Inventory $96,000; credit Accounts Payable $96,000.
		Debit Work in Process Inventory $96,000; credit Cost of Goods Sold $96,000.
		Debit Cost of Goods Sold $96,000; credit Finished Goods Inventory $96,000.