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Ruddick Corporation is a manufacturer that uses job-order costing. The company has supplied the ...

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Ruddick Corporation is a manufacturer that uses job-order costing. The company has supplied the ...

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:

▸

	Debit	Credit
Finished Goods	1,337,000
Work in Process		1,337,000

▸

	Debit	Credit
Finished Goods	1,486,000
Work in Process		1,486,000

▸

	Debit	Credit
Work in Process	1,337,000
Finished Goods		1,337,000

▸

	Debit	Credit
Work in Process	1,486,000
Finished Goods		1,486,000

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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