[The following information applies to the questions displayed below.] Canfield Construction applies overhead to its projects at a rate of $65 per direct labor hour. Laborers are paid an average rate of $30 per hour. The Jefferson Apartments project was charged a total of $ 1200000 in direct materials and $450,000 in direct labor costs. The journal entry made by Canfield to record the sale of the Jefferson Apartments project to King Development Company for $5,250,000 would include: Select one: A. A debit to Cost of Goods Sold of $2,625,000. B. A debit to Sales of $5,250,000. C. A debit to Finished Goods Inventory of $975,000. D. A credit to Finished Goods Inventory of $975,000