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 $ 88,000 161,000 Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred to finished goods Cost of goods sold Credit sales 433,000 445,000 811,000 Multiple Choice O Debit Raw Materials Inventory $88,000; credit Accounts Payable $88,000. Debit Raw Materials Inventory $88,000; credit Finished Goods Inventory $88,000. Debit Cost of Goods Sold $88,000; credit Finished Goods Inventory $88,000. 150% O Multiple Choice Debit Raw Materials Inventory $88,000; credit Accounts Payable $88,000. Debit Raw Materials Inventory $88,000; credit Finished Goods Inventory $88,000 Debit Cost of Goods Sold $88,000; credit Finished Goods Inventory $88,000. Debit Work in Process Inventory $88,000; credit Raw Materials Inventory $88,000. Debit Work in Process Inventory $88,000; credit Cost of Goods Sold $88,000