Laffer Lumber produces bagged bark for use in landscaping. Production involves packaging bark chips in plastic bags in a bgg department. The following information describes production operations for October. ing Bagging Department $ 236,000 S 44,000 Direct materials used Direct labor used Predetermined overhead rate (based on direct labor) Goods transferred from bagging to finished goods 130% (200,000) The company's revenue for the month totaled $440.000 from credit sales, and its cost of goods sold for the month is $248.000 Prepare summary journal entries dated October 31 to record its October production activities for (1) direct materials usage. (2) direct labor incurred (3) overhead allocation, (4) goods transfer from production to finished goods, and (5) credit sales. Journal entry worksheet Note: Od 31 Journal entry worksheet 5 Record direct labor used in production, but not yet paid. Note: Enter debits before credits. Date General Journal Debit Credit Oct 31 View general journal Record entry Clear entry View transaction list Journal entry worksheet Record overhead applied to production. Note: Enter debits before credits. Date General Journal Debit Credit Oct 31 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the transfer of goods from production to finished goods. Note: Enter debits before credits. Date General Journal Debit Credit Oct 31 Record entry Clear entry View general journal Journal entry worksheet Record the sale of goods on account. Note: Enter debits before credits. Date General Journal Debit Credit Oct 31 Record entry Clear entry View general journal Journal entry worksheet 2 4 Record the cost of goods sold. Note: Enter debits before credits. Date General Journal Debit Credit Oct 31 Record entry Clear entry View general journal