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 $ 97, 000 Direct labor used 000'OLI Predetermined overhead rate (based on direct labor) 150% Goods transferred to finished goods 442, 000 Cost of goods sold 454, 000 Credit sales 820, 000 Debit Raw Materials Inventory $97,000; credit Accounts Payable $97,000. Debit Cost of Goods Sold $97,000; credit Finished Goods Inventory $97,000. Debit Work in Process Inventory $97,000; credit Raw Materials Inventory $97,000 Debit Raw Materials Inventory $97,000; credit Finished Goods Inventory $97,000. Debit Work in Process Inventory $97,000; credit Cost of Goods Sold $97,000