Prepare journal entries dated October 31 to record October production activities for (1) direct materials usage,...

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Prepare journal entries dated October 31 to record October production activities for (1) direct materials usage, (2) direct overhead applied, (4) costs transfer from Shredding to Bagging. (5) costs transfer from Bagging to finished goods, (6) credit sales, and (7) cost of goods sold. A No Transaction 1 B 2 C 3 D 4 E 5 F 6 G 7 General Journal Work in process inventory-Shredding Raw materials inventory Work in process inventory-Shredding Work in process inventory-Bagging Factory wages payable Work in process inventory-Shredding Work in process inventory-Bagging Factory overhead Work in process inventory-Bagging Work in process inventory-Shredding Finished goods inventory Work in process inventory-Bagging Accounts receivable Sales Cost of goods sold Finished goods inventory 000 00 000 00 00 Debit Credit 236,000 236,000 39,000 117,000 156,000 64,350 193,050 257,000 102,000 102,000 572,000 572,000 460,080 460,080 252,000 252,000 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 165% of direct labor costs is used in both departments. The following describes production operations for October. Direct materials used (Shredding) Direct labor used (Shredding) Direct labor used (Bagging) Costs transferred from Shredding to Bagging $ 236,000 Costs transferred from Bagging to Finished Goods 39,000 117,000 202,000 572,000 Sales (on credit) for the month total $460,000 and cost of goods sold for the month is $252,000. 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 transfer from Bagging to finished goods, (6) credit sales, and (7) cost of goods sold. Prepare journal entries dated October 31 to record October production activities for (1) direct materials usage, (2) direct overhead applied, (4) costs transfer from Shredding to Bagging. (5) costs transfer from Bagging to finished goods, (6) credit sales, and (7) cost of goods sold. A No Transaction 1 B 2 C 3 D 4 E 5 F 6 G 7 General Journal Work in process inventory-Shredding Raw materials inventory Work in process inventory-Shredding Work in process inventory-Bagging Factory wages payable Work in process inventory-Shredding Work in process inventory-Bagging Factory overhead Work in process inventory-Bagging Work in process inventory-Shredding Finished goods inventory Work in process inventory-Bagging Accounts receivable Sales Cost of goods sold Finished goods inventory 000 00 000 00 00 Debit Credit 236,000 236,000 39,000 117,000 156,000 64,350 193,050 257,000 102,000 102,000 572,000 572,000 460,080 460,080 252,000 252,000 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 165% of direct labor costs is used in both departments. The following describes production operations for October. Direct materials used (Shredding) Direct labor used (Shredding) Direct labor used (Bagging) Costs transferred from Shredding to Bagging $ 236,000 Costs transferred from Bagging to Finished Goods 39,000 117,000 202,000 572,000 Sales (on credit) for the month total $460,000 and cost of goods sold for the month is $252,000. 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 transfer from Bagging to finished goods, (6) credit sales, and (7) cost of goods sold.