Entries for Product Cost Flow Record the following transactions that occurred during March 2019 for Harris Manufacturing Company, which uses the perpetual inventory system: Mar. 12 Transferred $20,000 of completed goods from the factory to the warehouse. 15 Requisitioned $12,000 of materials for use in the factory as direct materials and $2,000 for indirect materials, 18 Sold goods costing $16,000 for $24,000 on account. General journal Date Description Mar. 12 Finished goods inventory Debit 35,000 x Credit 0~ Work in process inventory 35,000 x To record the transfer of completed goods Mar. 15 Work in process inventory 0x Manufacturing overhead 0x 0~ Materials inventory 0~ 0x To record the requisitioning of material. Mar, 18 Accounts receivable 0x Sales 0~ 0x To record the sale of goods on account. Mar. 18 Cost of goods sold 0.x 0~ Finished goods inventory 0x To record the cost of goods sold. Check booking