On November 28, 2008, Job No $\begin{array}{lccc} \text { Cost of Goods Sold } &20,500 \\ \text { Finished Goods Inventory} &&20,500\end{array}$

Multiple Choice

On November 28, 2008, Job No. C12 was completed at a cost of $20,500, subdivided as follows: direct material, $5,500; direct labour, $6,000; and manufacturing overhead, $9,000. The journal entry to record this information is:

A) $\begin{array}{lccc} \text { Cost of Goods Sold } &20,500 \\ \text { Finished Goods Inventory} &&20,500\end{array}$
B) $\begin{array}{lccc} \text { Work in Process Inventory } &20,500 \\ \text { Finished Goods I rventory} &&20,500\end{array}$
C) $\begin{array}{l} \text { Work in Process Irwentory }&20,500 \\ \text { Ram Material Inventory }&&8,500 \\ \text { Wages Payable }&&6,000 \\ \text { Manufacturing Overhead }&&6,000\end{array}$
D) $\begin{array}{lccc} \text { Finished Goods Inventory } &20,500 \\ \text { Work in Process Inventory } &&20,500\end{array}$
E) $\begin{array}{lccc} \text { Finished Goods Inventory } &20,500 \\ \text { Cost of Goods Sold } &&20,500\end{array}$