Biology Forums - Study Force

Tomlison 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	$1,589,000
Cost of goods sold (unadjusted)	$1,517,000

The journal entry to record the unadjusted Cost of Goods Sold is:

▸

	Debit	Credit
Finished Goods	1,517,000
Cost of Goods Sold		1,517,000

▸

	Debit	Credit
Cost of Goods Sold	1,517,000
Finished Goods		1,517,000

▸

	Debit	Credit
Finished Goods	1,589,000
Cost of Goods Sold		1,589,000

▸

	Debit	Credit
Cost of Goods Sold	1,589,000
Finished Goods		1,589,000

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