A Home Builder Just Completed the Construction of a New $\begin{array} { l } \text {Work-In-Process Inventory }&\$200,000\\& \text { Direct Materials Inventory}&\$200,000\\\end{array}$

A home builder just completed the construction of a new home.The home builder uses job-order costing.Costs of $200,000 were incurred to construct the home.The home is ready for sale and is listed with a real estate broker.Which of the following journal entries is necessary when the home is completed?

A) $\begin{array} { l } \text {Work-In-Process Inventory }&\$200,000\\& \text { Direct Materials Inventory}&\$200,000\\\end{array}$

B) $\begin{array} { l } \text { Finished Goods Inventory}&\$200,000\\& \text { Direct Materials Inventory}&\$200,000\\\end{array}$

C) $\begin{array} { l } \text { Finished Goods Inventory}&\$200,000\\& \text { Work-In-Process Inventory}&\$200,000\\\end{array}$

D) $\begin{array} { l } \text {Cost of Goods Sold }&\$200,000\\& \text {Finished Goods Inventory }&\$200,000\\\end{array}$