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On June 30 , Coraline Company finished job number 750 , with total job costs of $4,600, and transferred the costs to Finished Goods Inventory.
On June 30 , Coraline Company finished job number 750 , with total job costs of $4,600, and transferred the costs to Finished Goods Inventory. On July 6 , they completed the sale of the goods to a customer for $5,100 cash. Which of the following is the correct entry needed to record the cost of goods sold? Select one: a. Debit Cost of Goods Sold $4,600, credit Work in Process Inventory $4,600 b. Debit Finished Goods Inventory $4,600, credit Cost of Goghthf Sold $4,600 c. Debit Cost of Goods Sold $4,600, credit Finished Goods Inventory $4,600 d. Debit Work in Process Inventory $4,600, credit Cost of Goods Sold $4,600
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