Entries for Product Cost Flow Record the following transactions that occurred during April 2019 for Boyd Manufacturing Corporation, which uses the perpetual inventory system: Apr. 21 Transferred $320,000 of completed goods from the factory to the warehouse. 25 Requisitioned $180,000 of materials for use in the factory as direct materials and $40,000 for indirect materials. 28 Sold goods costing $120,000 for $200,000 on account. General Journal Description Date Apr. 21 Apr. 25 Work in process inventory Apr. 28 Apr. 28 = To record the transfer of completed goods.

Entries for Product Cost Flow Record the following transactions that occurred during April 2019 for Boyd Manufacturing Corporation, which uses the perpetual inventory system: Apr, 21 Transferred $320,000 of completed goods from the factory to the worehouse. 25 Requisitioned $180,000 of materiats for use in the factory as direct materlals and $40,000 for indirect materials. 28 Sold goods costing $120,000 for $200,000 on account