Record standard cost of goods transferred to Finished Goods and of cost of goods sold. (Obj. 7). Stamford Company uses a standard cost system. The total standard cost per unit for materials, labor, and overhead is $120.50. During June 19X9, a total of 2,000 units were completed and transferred to Finished Goods. During the month 1,800 units were sold for $200 each. Give the general journal entries to record the cost of units transferred to finished goods and the cost of units sold during the month.

LO.1