Question
McDuffy Furniture Company constructs custom furniture. Job cost records during the second and third quarters of 2020 are shown below. Job No. Date Started Date
McDuffy Furniture Company constructs custom furniture. Job cost records during the second and third quarters of 2020 are shown below. Job No. Date Started Date Finished Total Cost of Job on July 1 Manufacturing Costs Added in July 110 June 1 July 15 $32,840 $43,600 111 June 3 August 25 $18,100 $177,200 112 July 2 July 30 - $145,000 What would the entry be to record the sale of Job 111 on August 25, at a sales price of $305,420? Accounts Receivable 305,420 Sales Revenue 305,420 Cost of Goods Sold 195,300 Work in Process Inventory 195,300 Accounts Receivable 305,420 Sales Revenue 305,420 Cost of Goods Sold 177,200 Finished Goods Inventory 177,200 Accounts Receivable 305,420 Sales Revenue 305,420 Cost of Goods Sold 195,300 Finished Goods Inventory 195,300 Accounts Receivable 305,420 Sales Revenue 305,420 Finished Goods Inventory 195,300 Cost of Goods Sold 195,300
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