A firm uses backflush costing and values inventory using throughput accounting. All actual amounts are equal to budgeted amounts. Note that the cost figures below are rates on a per unit basis.

DM rate	$2 per unit
DL rate	$2 per unit
OH rate	$2 per unit
Total completed and in process	5,000 units
Units sold	4,480
Units in process	100

$50 of raw materials are still in the warehouse at the end of the period. Which journal entry MOST appropriately backflushes costs to inventory accounts?

Group of answer choices

Debit: COGS $1,090

Credit: Finished Goods $840

Credit: WIP $200

Credit: RM $50

Debit: Finished Goods $840

Debit: RIP $250

Credit: COGS $1,090

Debit: Finished Goods $840

Debit: RIP $200

Credit: COGS $1,040

Debit: COGS $1,090

Credit: Finished Goods $840

Credit: RIP $250