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Prepare journal entries to record the following production activities. 1. Transferred completed goods from the Assembly department to finished goods inventory. The goods cost
Prepare journal entries to record the following production activities. 1. Transferred completed goods from the Assembly department to finished goods inventory. The goods cost $143,000. 2. Sold $448,000 of goods on credit. Their cost is $166,000. View transaction list Journal entry worksheet A B C Record the transfer of goods from the assembly department to finished goods. Note: Enter debits before credits. Transaction 1. General Journal Debit Credit Record entry Clear entry View general journal ht ences Journal entry worksheet < A B C Record the sale of goods on credit. Note: Enter debits before credits. Transaction 2-a. General Journal Debit Credit Record entry Clear entry View general journal > nces Journal entry worksheet < A B Record the cost of goods sold. Note: Enter debits before credits. Transaction 2-b. General Journal Debit Credit Record entry Clear entry View general journal
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