20)

Prepare journal entries to record the following production activities.

1.	Transferred completed goods from the Assembly department to finished goods inventory. The goods cost $141,000.
2.	Sold $449,000 of goods on credit. Their cost is $152,000.

• Record the transfer of goods from the assembly department to finished goods.

• Record the transfer of goods from the assembly department to finished goods.
• Recordthesaleofgoodsoncredit.
• Record the cost of goods sold.