Which of the Following Journal Entries Correctly Represents the Transfer $\begin{array} { l } \text { Finished Goods}&503,100 \\ \text {Work in Process }&503,100 \\\end{array}$

Which of the following journal entries correctly represents the transfer of completed goods begun during February using the FIFO method of process costing?

A) $\begin{array} { l } \text { Finished Goods}&503,100 \\ \text {Work in Process }&503,100 \\\end{array}$

B) $\begin{array} { l } \text {Loss from Spoilage }&37,440 \\ \text { Finished Goods }&37,440 \\\end{array}$

C) $\begin{array} { l } \text { Finished Goods}& 922,410\\ \text {Work in Process }&922,410 \\\end{array}$

D) $\begin{array} { l } \text { Finished Goods}&398,250 \\ \text {Work in Process }&398,250 \\\end{array}$