Re-Tire produces bagged mulch made from recycled tires. Production involves shredding tires and packaging the pieces for sale in the bagging department. All direct materials enter in the first process. The following describes production operations for October.

Direct materials used	$	228,000
Direct labor used 15% in Shredding; 85% in Bagging.	$	147,000
Predetermined overhead rate (based on direct labor)		185	%
Transferred to Bagging	$	210,000
Transferred to finished goods	$	590,000

The company's revenue for the month totaled $470,000 from credit sales, and its cost of goods sold for the month is $260,000. Prepare summary journal entries dated October 31 to record its October production activities for (1) direct materials usage, (2) direct labor incurred (3) overhead applied, (4) goods transfer from Shredding to Bagging, (5) goods transfer from Bagging to finished goods, (6) credit sales, and (7) cost of goods sold.