Dazzle, Incorporated produces beads for jewelry making use. The following information summarizes production operations for June. The journal entry to record overhead applied during June is: Direct materials used Direct labor used $ 88,000 161,000 Predetermined overhead rate (based on direct labor) 150% Goods transferred to finished goods Cost of goods sold Credit sales 433,000 445,000 811,000 Debit Work in Process Inventory $241,500; credit Factory Overhead $241,500. Debit Factory Overhead $241,500; credit Cash $241,500. Debit Work in Process Inventory $161,000; credit Factory Wages $161,000. Debit Work in Process Inventory $161,000; credit Cash $161,000. Debit Work in Process Inventory $161,000; credit Factory Overhead $161,000