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A company completed 5,000 units of product. The standard cost per unit was $5 and the actual cost per unit was $5.65. All 5,000 units
A company completed 5,000 units of product. The standard cost per unit was $5 and the actual cost per unit was $5.65. All 5,000 units were sold at a price of $10.25 per unit. Assuming the company uses a standard cost system, the entries to record the sale of goods would include Blank______. Multiple choice question. debits to Sales Revenue and Finished Goods Inventory for $51,250 and $25,000 respectively credits to Sales Revenue and Finished Goods Inventory for $51,250 and $28,250 respectively credits to Sales Revenue and Finished Goods Inventory for $51,250 and $25,000 respectively debits to Sales Revenue and Finished Goods Inventory for $51,250 and $28,250 respectively
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