A firm uses backflush costing to assign product costs to inventory and values inventory using throughput accounting. All actual amounts are equal to budgeted amounts. The firm has no variable overhead. Total DM Total DL Total Fixed OH $1,500 $500 $300 Total complete & in process 10,000 units Ending raw materials $0 The firm has 35 units in finished goods inventory and 25 units in process. Which journal entry appropriately backflushes costs to inventory accounts? Debit: RIP $5 Debit: Finished Goods $7 Credit: COGS $12 O Debit: COGS $12 Credit: RIP $5 Credit: Finished Goods $7 Debit: RIP $3.75 Debit: Finished Goods $5.25 Credit: COGS $9 O Debit: COGS $9 Credit: RIP $3.75 Credit: Finished Goods $5.25