plastic bags in a bagging department. The following information describes production operations for Bagging Department Direct materials used Direct labor used $238,000 43,000 Predetermined overhead rate (based on direct labor) 140% Goods transferred from bagging to finished goods $ (202,500) month is $258,000. Prepare summary journal entries dated October 31 to record its October production activities for (1) direct material usage, (2) direct labor incurred (3) overhead allocation, (4) goods transfer from production to finished goods, and (5) credit sales