Prepare journal entries to record the following production activities.

1. Transferred completed goods from the Assembly department to finished goods inventory. The goods cost $132,000.
2. Sold $442,000 of goods on credit. Their cost is $153,000.

• Record the transfer of goods from the assembly department to finished goods.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
1.

• Record the sale of goods on credit.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
2-a.

Journal entry worksheet

• Record the cost of goods sold.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
2-b.