Mynex Company completes Job No. 26 at a cost of $4,500 and later sells it for $7,000 cash. A correct entry is:

(a) debit Finished Goods Inventory $7,000 and credit Work in Process Inventory $7,000.

(b) debit Cost of Goods Sold $7,000 and credit Finished Goods Inventory $7,000.

(c) debit Finished Goods Inventory $4,500 and credit Work in Process Inventory $4,500.

(d) debit Accounts Receivable $7,000 and credit Sales Revenue $7,000.