Dazzle, Incorporated 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. Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred to finished goods Cost of goods sold Credit sales $ 95,000 168,000 155% 440,000 452,000 818,000 Multiple Choice Debit Cost of Goods Sold $95,000; credit Finished Goods Inventory $95,000. Debit Work in Process Inventory $95,000; credit Cost of Goods Sold $95,000