A company has a factory with three production departments: Machining, Finishing, and Assembly. The manufacturing process flows as follows: Machining >> Finishing Assembly > Finished Goods. During March, the following costs were incurred for the Machining department: direct materials $40,000; direct labor $ 12,000 ; indirect materials $3,000; indirect labor $6,000; equipment maintenance $5,000; equipment depreciation $8,000. What journal entry should be made to record these costs? Multiple Choice \begin{tabular}{|c|r|r|r|} \hline Work-in-Process: Machining & & $52,000 & \\ \hline Factory Overhead & & $22,000 & \\ \hline Raw Materials & & & $43,000 \\ \hline Wages Payable & & & $18,000 \\ \hline Accum Depreciation - Machinery & & & $8,000 \\ \hline Accounts Payable & & & $5,000 \\ \hline \end{tabular} \begin{tabular}{|c|r|r|r|} \hline Finished Goods & & $72,000 & \\ \hline Raw Materials & & & $43,000 \\ \hline Wages Payable & & & $18,000 \\ \hline Accum Depreciation - Machinery & & & $8,000 \\ \hline Accounts Payable & & & $5,000 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|r|} \hline Work-in-Process: Machining & & $52,000 & \\ \hline Cost of Goods Sold & & $22,000 & \\ \hline Raw Materials & & & $43,000 \\ \hline Wages Payable & & & $18,000 \\ \hline Accum Depreciation - Machinery & & & $8,000 \\ \hline Accounts Payable & & & $5,000 \\ \hline \end{tabular}