Mynex Company completes Job No. 26 at a cost of $4,500 and later sells it for $7,000 cash. A correct entry is: Debit Finished Goods Inventory $7,000 and credit Work in Process Inventory $7,000. Debit Cost of Goods Sold $7,000 and credit Finished Goods Inventory $7,000. Debit Finished Goods Inventory $4,500 and credit Work in Process Inventory $4,500. Debit Accounts Receivable $7,000 and credit Sales $7,000.