PHI Company Began Its Operations on January 1 and Produces

PHI Company began its operations on January 1 and produces a single product that sells for $35.00 per unit.5,000 units were produced and 4,000 units were sold during the year. Standard costs per unit follow: What is entry to record the finished goods?

A) Finished goods 115,000 Work in process 115,000
B) Finished goods 92,000 Work in process 92,000
C) Work in process 115,000 Finished goods 115,000
D) Cost of goods sold 92,000 Finished goods 92,000