Question
When a job costing $5,000 is completed, the following journal entry is made: a.Cost of Goods Sold5,000 Finished Goods5,000 b.Cost of Goods Sold5,000 Sales5,000 c.Work-in-Process5,000
When a job costing $5,000 is completed, the following journal entry is made:
a.Cost of Goods Sold5,000
Finished Goods5,000
b.Cost of Goods Sold5,000
Sales5,000
c.Work-in-Process5,000
Finished Goods5,000
d.Finished Goods5,000
Cost of Goods Sold5,000
e.Finished Goods5,000
Work-in-Process5,000
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
8th edition
978-1-119-3904, 1119392422, 111939242X, 1119390451, 978-1119392422
