Caltran Company Has Just Completed Manufacturing Job Number 445 B)

Caltran Company has just completed manufacturing job number 445. It included $320 of direct materials cost, $1,240 of direct labor cost, and $560 of allocated overhead. Which of the following is the correct journal entry needed to record the completed job?

A) $$\begin{array} { | l | r | r | } \hline \text { Work in process inventory } & 2,120 & \\\hline \text { Finished goods inventory } & & 2,120 \\\hline\end{array}$$
B) $$\begin{array} { | l | r | r | } \hline \text { Finished goods inventory } & 2,120 & \\\hline \text { Materials inventory } & & 2,120 \\\hline\end{array}$$
C) $$\begin{array} { | l | r | r | } \hline \text { Work in process inventory } & 40,000 & \\\hline \text { Cost of goods sold } & & 40,000 \\\hline\end{array}$$
D) $$\begin{array} { | l | r | r | } \hline \text { Finished goods inventory } & 2,120 & \\\hline \text { Work in process inventory } & & 2,120 \\\hline\end{array}$$