Final answer:
The correct journal entry includes a debit to Finished Goods Inventory and a credit to Work in Process Inventory, representing the value transfer of goods completed in production.
Step-by-step explanation:
The journal entry to transfer completed products from production to finished goods inventory typically includes a debit to Finished Goods Inventory (to increase the asset account since finished goods represent value to the company) and a credit to Work in Process Inventory (to reduce the asset account because the goods are no longer in process). Therefore, the correct choices are:
a. Debit to Finished Goods Inventory
b. Credit to Work in Process Inventory
No entries are made directly to the Raw Materials Inventory at this stage, as the materials would have already been allocated to Work in Process Inventory earlier in the production process. Hence, options c, d, e, and f are not relevant in this context.