Bard Manufacturing uses a job order cost accounting system. During one month Bard purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Bard incurred a factory payroll of $150,000, paid in cash, of which $40,000 is classified as indirect labor. Bard uses a predetermined overhead application rate of 150% of direct labor cost. The journal entry to record the purchase of materials is:

A. Debit Raw Materials Inventory $198,000; credit Accounts Payable $198,000.B. Debit Goods in Process Inventory $198,000; credit Accounts Payable $198,000.C. Debit Raw Materials Inventory $198,000; credit Goods in Process Inventory $198,000.D. Debit Goods in Process Inventory $195,000; credit Raw Materials Inventory $195,000.E. Debit Raw Materials Inventory $198,000; credit Finished Goods Inventory $198,000.