Which of the following journal entries correctly records the current month's activity where $70,000 of direct material and $24,500 of indirect materials were used in the production process? 94,500 Raw materials inventory Goods in process inventory Factory overhead 70,000 24,500 Goods in process Raw materials inventory 94,500 94,500 Goods in process Factory overhead Cash 24,500 70,000 94,500 Goods in process Factory overhead Raw materials inventory 70,000 24,500 94,500 Raw materials inventory Cash 94,500 94,500