Use the information below for Jensen Company to answer the question that follow. $345,000 250,000 Direct materials used Direct labor incurred Factory overhead incurred Operating expenses 400,000 175,000 Jensen Company's product costs are Oa. $920,000 Ob. $825,000 Oc. $770,000 Od. $995,000 During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 for general factory use. Factory overhead applied to production was $23,000. The entry to record the factory overhead applied to production is Oa. Work in Process 25,000 Factory Overhead 25,000 Ob. Factory Overhead 23,000 Work in Process 23,000 Oc. Work in Process 23,000 Factory Overhead 23,000 Od. Factory Overhead 25,000 Accounts Payable 25,000 The cost of production of completed and transferred goods during the period amounted to $540,000, and the finished products shipped to customers had production costs of $375,000. The entry to record the transfer of costs from finished goods to cost of goods sold is Oa. Finished Goods 375,000 Cost of Goods Sold 375,000 Ob. Cost of Goods Sold 540,000 Finished Goods 540,000 Oc. Cost of Goods Sold 375,000 Finished Goods 375,000 Od. Finished Goods 540,000 Cost of Goods Sold 540,000