Keaubie Company completed job 464 at a cost of $55,000. They sold Job 464 for $71,000, receiving $5000 and the remainder on account. Which of the following would be included in the journal entry to record expensing the cost of the job?

Group of answer choices

Debit Finished Goods Inventory for $55,000

Debit Finished Goods Inventory for $71,000

Debit Cost of Goods Sold for $55,000

Debit Cost of Goods Sold for $71,000