Uniq Works purchased raw materials amounting to $130,000 on account and $20,000 for cash, for a total purchase of $150,000. The materials will be used to manufacture upholstery for furniture manufacturers on a contract basis. Which of the following journal entries correctly records this transaction? O A. Raw Materials Inventory 150,000 Cash 20,000 Accounts Payable 130,000 O B. Accounts Payable 130,000 Cash 20,000 Raw Materials Inventory 150,000 O C. Finished Goods Inventory 150,000 Accounts Payable 150,000 O D. Work - in - Process Inventory 150,000 Accounts Payable 150,000Clay Earth Company sells ceramic pottery at a wholesale price of $6.00 per unit. The variable cost of manufacturing is $1.75 per unit. The fixed costs are $7,000 per month. It sold 4,800 units during this month. Calculate Clay Earth's operating income (loss) for this month. O A. $(13,400) O B. $(7,000) O C. $21,800 O D. $13,400