Exercise 20 27 (Algo) Recording cost of completed goods LO P4 Prepare journal entries to record the following production activities 1 Transferred completed goods from the Assembly department to finished goods inventory The goods cost $123,000 2 Sold $454,000 of goods on credit Their cost is $173,000 Journal entry worksheet Record the transfer of goods from the assembly department to finished goods Journal entry worksheet Record the sale of goods on credit Note Enter debits before credits Journal entry worksheet Record the cost of goods sold Note Enter debits before credits

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Exercise 20 27 (Algo) Recording cost of completed goods LO P4 Prepare journal entries to record the following production activities  1  Transferred completed goods from the Assembly department to finished goods inventory  The goods cost $123,000  2  Sold $454,000 of goods on credit  Their cost is $173,000  Journal entry worksheet Record the transfer of goods from the assembly department to finished goods  Journal entry worksheet Record the sale of goods on credit  Note  Enter debits before credits  Journal entry worksheet Record the cost of goods sold  Note  Enter debits before credits

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Exercise 20-27 (Algo) Recording cost of completed goods LO P4 Prepare journal entries to record the following production activities. 1. Transferred completed goods from the

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