The cost of production of completed and transferred goods during the period amounted to $540,000, and...

The cost of production of completed and transferred goods during the period amounted to $540,000, and the finished products shipped to customers had production costs of $375,000. The entry to record the transfer of costs from finished goods to cost of goods sold is

a.

Cost of Goods Sold540,000

Finished Goods540,000

b.

Finished Goods375,000

Cost of Goods Sold375,000

c.

Cost of Goods Sold375,000

Finished Goods375,000

d.

Finished Goods540,000

Cost of Goods Sold540,000

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