Bangles and Bobbles. produces beads used to make jewelry. The following information summarizes production operations for April. The journal entry to record April sales 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

		Accounts Receivable $925,000; credit Sales $478,000; credit Finished Goods Inventory $447,000
		Debit Cost of Goods Sold $925,000; credit Sales $925,000.
		Debit Accounts Receivable $925,000; credit Sales $925,000; debit Cost of Goods sold $478,000; credit Finished Goods Inventory $478,000.
		Debit Finished Goods Inventory $478,000; credit Cost of Goods Sold $478,000; debit Sales $825,000; credit Accounts Receivable $825,000