Based on the following information from a company's process costing system that is reporting on the month of May's activity in one of its departments, which journal entries would be correct? Cost of goods completed and $200,000 transferred out (before adding normal spoilage) $20,000 Normal spoilage Total cost of goods $220,000 completed and O A. Finished Goods Work in Process O B. Loss from Spoilage Finished Goods O C. Finished Goods Work in Process Loss from Abnormal Spoilage Work in Process OD. Finished Goods Work in Process $198,000 $198,000 $22,000 $22.000 $220,000 $220,000 $2,000 $2,000 $220,000 $220.000 Click to select your answer. spoilage) $20,000 $220,000 Normal spoilage Total cost of goods completed and transferred out Abnormal spoilage Work in process ending Total costs accounted for $2,000 $23,000 $245,000 wovu $22,000 $22,000 $220,000 $220,000 $2,000 O B. Loss from Spoilage Finished Goods O C. Finished Goods Work in Process Loss from Abnormal Spoilage Work in Process OD. Finished Goods Work in Process Finished Goods Loss from Spoilage $2,000 $220,000 $220,000 $2,000 $2,000