Prepare journal entries to record the following production activities. 1. Transferred completed goods from the Assembly department to finished goods inventory. The goods cost $123,000. 2 Sold $448,000 of goods on credit. Their cost is $152,000. 1 2 3 Record the transfer of goods from the assembly department to finished goods. Note: Enter debits before credits Transaction General Journal Debit Credit 1. Record entry Clear entry View general journal