Nicholes Corporation finished job no. 600 on June 1. On June 10, the company sold job no.
Question:
Nicholes Corporation finished job no. 600 on June 1. On June 10, the company sold job no. 600 for $25,000 on account to a credit customer. Total manufacturing costs allocated to this job at the time of the sale amounted to $16,000.
a. Record the transfer of job no. 600 from Work in Process to Finished Goods on June 1.
b. Record the sale of job no. 600, and the transfer of its costs from Finished Goods, on June 10.
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a 61 Finished Goods Inventory 16000 ...View the full answer
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Related Book For 
Financial And Managerial Accounting The Basis For Business Decisions
ISBN: 9781260247930
19th Edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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