Journal entry worksheet B Record the transfer of goods to finished goods. Note: Enter debits before credits. Re-Tire produces bagged mulch from recycled tires. Production involves shredding tires and packaging the pieces in the Bagging department. All direct materials enter in the Shredding process. A predetermined overhead rate of 175% of direct labor costs is used in both departments. The following describes production operations for October Sales (on credit) for the month total $950,000 and cost of goods sold for the month is $540,000 Prepare journal entries dated October 31 to record October production activities for (1) direct materials usage. (2) direct labor usage, (3) overhead applied, (4) costs transfer from Shredding to Bagging. (5) costs transfor from Bagging to finished goods, (6) credit sales, and (7) cost of goods sold. A B D Record the sale of goods on account. Note: Enter debits before credits. Journal entry worksheet Record the transfer of costs from Shredding to Bagging. Note: Enter debits before credits. Record direct labor used in production, but not yet paid. Note: Enter debits before credits. Journal entry worksheet D E Note: Enter debits before credits. Journal entry worksheet D E Note: Enter debits before credits