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Home Q & A Board Other Fields Homework Help Business Accounting
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sarasmith06 sarasmith06
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A year ago

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$1,486,000
Cost of goods sold (unadjusted)$1,337,000

The journal entry to record the transfer of completed goods from Work in Process to Finished Goods is:



▸
DebitCredit
Finished Goods1,337,000
Work in Process1,337,000


▸
DebitCredit
Finished Goods1,486,000
Work in Process1,486,000


▸
DebitCredit
Work in Process1,337,000
Finished Goods1,337,000


▸
DebitCredit
Work in Process1,486,000
Finished Goods1,486,000
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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lampardlampard
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A year ago
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sarasmith06 Author
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A year ago
Helped a lot
apelton
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Yesterday
Thanks
Katey_maree
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2 hours ago
this is exactly what I needed
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