The Journal Entry to Transfer the Completed Jefferson Apartments Project

Multiple Choice

The journal entry to transfer the completed Jefferson Apartments project to Canfield's finished goods inventory would include:

A) A debit to the Finished Goods Inventory account of $975,000.
B) A debit to the Finished Goods Inventory account of $2,625,000.
C) A debit to the Finished Goods Inventory account of $1,650,000.
D) A credit to the Work in Process Inventory account of $2,175,000.