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Ruddick Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Cost of goods manufactured
Ruddick Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Cost of goods manufactured Cost of goods sold (unadjusted) $1,486,000 $1,337,000 The journal entry to record the transfer of completed goods from Work in Process to Finished Goods is: Multiple Choice Finished Goods Work in Process 1,486,000 1,486,000 Work in Process Finished Goods 1,486,000 1,486,000 Pinished Goods Work in Proco 1,337,000 1,337,000 Multiple Choice 1,486,000 Finished Goods Work in Process 1,486,000 1,486,000 Work in Process Finished Goods 1,486,000 Pinished Goods Work in Process 1,337,000 1,337,000 Work in Process Finished Goods 1,337,000 1,337,000
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