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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
a.
Cost of Goods Sold540,000
Finished Goods540,000
b.
Finished Goods540,000
Cost of Goods Sold540,000
c.
Cost of Goods Sold375,000
Finished Goods375,000
d.
Finished Goods375,000
Cost of Goods Sold375,000
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