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On June 30, Coral, Inc. finished Job 750 with total job costs of $4, 200, and transferred the costs to Finished Goods Inventory. On July

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On June 30, Coral, Inc. finished Job 750 with total job costs of $4, 200, and transferred the costs to Finished Goods Inventory. On July 6, it completed the sale of the goods to a customer for $5, 100 cash. Which of the following is the correct journal entry to record the cost of goods sold? debit Work - in - Process Inventory $4, 200 and credit Cost of Goods Sold $4, 200 debit Finished Goods Inventory S4.200 and credit Cost of Goods Sold $4, 200 debit Cost of Goods Sold $4, 200 and credit Work - in - Process Inventory $4, 200 debit Cost of Goods Sold $4, 200 and credit Finished Goods Inventory $4, 200

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