Exercise 3-24 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 $130,000. 2. Sold $440,000 of goods on credit. Their cost is $156,000. View transaction list Journal entry worksheet Record the transfer of goods from the assembly department to finished goods. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal