Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
New Topic  
sarasmith06 sarasmith06
wrote...
Posts: 132
Rep: 0 0
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:
Read 152 times
1 Reply
Replies
Answer verified by a subject expert
lampardlampard
wrote...
Posts: 133
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

sarasmith06 Author
wrote...

A year ago
this is exactly what I needed
wrote...

Yesterday
This helped my grade so much Perfect
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1492 People Browsing
Related Images
  
 669
  
 360
  
 1408
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 484