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The cost of production of completed and transferred goods during the period amounted to $540,000, and the finished products shipped to customers had production costs
The cost of production of completed and transferred goods during the period amounted to $540,000, and the finished products shipped to customers had production costs of $375,000. The entry to record the transfer of costs from finished goods to cost of goods sold is
Cost of Goods Sold 540,000 Finished Goods 540,000 |
Finished Goods 375,000 Cost of Goods Sold 375,000 |
Finished Goods 540,000 Cost of Goods Sold 540,000 |
Cost of Goods Sold 375,000 Finished Goods 375,000 |
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