JKJ invests $5.5 million in a mine that is estimated to have 5 million ounces of uranium and a $500,000 residual value. In the first year, 500,000 ounces of uranium are extracted, what will the entry include?

debit to cost of goods sold $400,000

debit to accumulated depletion $400,000

credit to inventory $400,000

debit to inventory $400,000