Verrett Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Raw materials purchased on account Raw materials (all direct) requisitioned for use in production Direct labor cost Manufacturing overhead: Indirect labor cost Other manufacturing overhead costs incurred Cost of goods manufactured Cost of goods sold (unadjusted) $ 475,000 $ 476,000 $ 640,000 $ 174,000 $ 498,000 $1,469,000 $1,430,000 The journal entry to record the transfer of completed goods from Work in Process to Finished Goods is: Multiple Choice Finished Goods Work in Process Debit 1,672,500 Work in Process Finished Goods Finished Goods Work in Process Work in Process Finished Goods Credit 1,672,500 Debit 1,469,000 Credit 1,469,000 Debit Credit 1,469,000 1,469,000 Debit 1,672,500 Credit 1,672,500