Alima, Inc. finished Job A40 on the last working day of the year. It utilized $350 of direct materials and $2, 730 of direct labor. Alima uses a predetermined overhead allocation rate based on a percentage of direct labor costs, which has been fixed at 40%. The entry to record the completion of the job should involve a. debit to Cost of Goods Sold $4, 172 and a credit to Finished Goods Inventory $4, 172 debit to Work-in - Process Inventory $4, 172 and a credit to Finished Goods Inventory $4, 172 debit to Finished Goods Inventory $4, 172 and a credit to Work-in - Process Inventory $4, 172 debit to Finished Goods Inventory $4, 172 and a credit to Materials Inventory $4, 172