Canfield Construction applies overhead to its projects at a rate of $65 per direct labor hour. Laborers are paid an average rate of $30 per hour. The Jefferson Apartments project was charged a total of $1,200,000 in direct materials and $450,000 in direct labor costs. The journal entry to transfer the completed Jefferson Apartments project to Canfield's finished goods inventory would include: a. A credit to the Work in Process Inventory account of $2,175,000. b. A debit to the Finished Goods Inventory account of $1,650,000. C. A debit to the Finished Goods Inventory account of $2,625,000. d. A debit to the Finished Goods Inventory account of $975,000