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: 33 Direct materials used Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred to finished goods Cost of goods sold Credit sales $105,000 178,000 160% 450,000 462,000 828,000 Multiple Choice O Debit Raw Materials Inventory $105,000, credit Accounts Payable $105,000 Debit Raw Materials Inventory $105,000 credit Finished Goods Inventory $105,000. Debit Cost of Goods Sold $105,000: credit Finished Goods Inventory S105,000 5 Debit Work in Process Inventory S105,000; credit Raw Materials Inventory S105,000 Debit Work in Process Inventory $105,000 credit Cost of Goods Sold $105,000