Wilma Company Uses a Job- Order- Cost System and Had

Wilma Company uses a job- order- cost system and had the following data available: $\begin{array}{ll}\text { Beginning direct-materials inventory } & \$ 26,000 \\\text { Beginning WIP inventory } & 64,000 \\\text { Beginning finished-goods inventory } & 58,000 \\\text { Direct materials purchased on account } & 148,000 \\\text { Direct materials requisitioned } & 82,000\\\text { Direct-labor cost incurred } & 130,000 \\\text { Factory overhead incurred } & 146,000 \\\text { Cost of goods completed } & 292,000 \\\text { Cost of goods sold } & 256,000 \\\text { Overhead application rate } & 125 \%\end{array}$ (as a percent of direct- labor cost) The journal entry to record the cost of goods completed would include a:

A) debit to WIP Inventory for $256,000
B) credit to Cost of Goods Sold for $256,000
C) credit to Finished- Goods Inventory for $292,000
D) credit to WIP Inventory for $292,000