Which One of the Following Journal Entries in a Standard

Multiple Choice

Which one of the following journal entries in a standard cost system is needed at the end of the period to close out to Cost of Goods Sold an unfavorable production-volume variance?

A) A credit to Finished Goods Inventory, at standard cost.
B) A credit to Cost of Goods sold, at standard cost.
C) A credit to Cost of Goods sold, at actual cost.
D) A debit to the Production Volume Variance account.
E) A debit to Cost of Goods sold.