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ABC Company completes a job at a cost of $2,000 and later sells it for $5,000 cash. A correct entry is A. debit finished goods
ABC Company completes a job at a cost of $2,000 and later sells it for $5,000 cash. A correct entry is A. debit finished goods inventory for $5,000 and credit work in process inventory $5,000 B. debit cost of goods sold $5,000 and credit finished goods inventory $5,000 OC. debit finished goods inventory for $2,000 and credit work in process inventory $2,000 OD. debit accounts receivable $2,000 and credit sales revenue $2,000 QUESTION 30 Which of the following is a period cost OA. Selling expenses B. Direct materials C. Direct Labor D. Manufacturing overhead
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