A company completes \$7,000 worth of inventory. How should this be recorded?

Debit Finished Goods Inventory \$7,000; Credit Raw Materials Inventory \$7,000

Debit Finished Goods Inventory \$7,000; Credit Work in Process Inventory \$7,000

Debit Raw Materials Inventory \$7,000; Credit Finished Goods Inventory \$7,000

Debit Work in Process Inventory \$7,000; Credit Finished Goods Inventory \$7,000