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AVC Company sold 250 units on account for $1,300 each. The standard cost of each unit is $1,000. Under a just-in-time costing system, the journal
AVC Company sold 250 units on account for $1,300 each. The standard cost of each unit is $1,000. Under a just-in-time costing system, the journal entries that are recorded for the 250 units that are sold would be: OA. Sales Revenue 325,000 Accounts Receivable 325,000 Finished Goods Inventory 250,000 Cost of Goods Sold 250,000 OB. Accounts Receivable 325,000 Sales Revenue 325,000 Finished Goods 250,000 Cost of Goods Sold 250,000 OC. Sales Revenue 325,000 Accounts Receivable 325,000 Cost of Goods Sold 250,000 Finished Goods Inventory 250,000 OD. Accounts Receivable 325,000 Sales Revenue 325,000 Cost of Goods Sold 250,000 Finished Goods Inventory 250,000
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