Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the inception of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Inspection takes place as units are placed into production. After inspection, some units are spoiled due to undetectable material defects. Spoiled units generally constitute 4% of the good units. Data provided for February 2017 are as follows:

WIP, beginning inventory 2/1/2017	51,000 units
Direct materials (100% complete)
Conversion costs (60% complete)
Started during February	170,500 units
Completed and transferred out	180,100 units
WIP, ending inventory 2/28/2017	26,600 units
Direct materials (100% complete)
Conversion costs (25% complete)
Costs:
WIP, beginning inventory:
Direct materials	$280,300
Conversion costs	80,900
Direct materials added	408,200
Conversion costs added	264,200

Which of the following journal entries correctly represents the transfer of completed goods begun during February using the FIFO method of process costing? (Round any cost per unit calculations to the nearest cent.)

A.

Loss from Spoilage	29,928
Finished Goods		29,928

B.

Finished Goods	408,630
Work in Process		408,630

C.

Finished Goods	508,654
Work in Process		508,654

D.

Finished Goods	929,858
Work in Process		929,858