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 $170,000$

Predetermined overhead rate $($based on direct labor$)150\%$

Goods transferred to finished goods $442,000$

Cost of goods sold $454,000$

Credit sales $820,000$

Multiple Choice

Debit Raw Materials Inventory $$97,000$; credit Accounts Payable $$97,000.$

Debit Raw Materials Inventory $$97,000$; credit Finished Goods Inventory $$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 Work in Process Inventory $$97,000$; credit Cost of Goods Sold $$97,000.$