The cost of production of completed and finished goods during the period amounted to $450,000, and the finished products
Posted: Tue Jul 05, 2022 1:35 pm
The cost of production of completed and finished goods duringthe period amounted to $450,000, and the finished products shippedto customers had total production costs of $357,000. From thefollowing, select the entry to record the transfer of costs fromfinished goods to cost of goods sold.
a.
FinishedGoods 450,000
Cost of GoodsSold 450,000
b.
FinishedGoods 357,000
Cost of GoodsSold 357,000
c.
Cost of GoodsSold 357,000
FinishedGoods 357,000
d.
Cost of GoodsSold 450,000
FinishedGoods 450,000
a.
FinishedGoods 450,000
Cost of GoodsSold 450,000
b.
FinishedGoods 357,000
Cost of GoodsSold 357,000
c.
Cost of GoodsSold 357,000
FinishedGoods 357,000
d.
Cost of GoodsSold 450,000
FinishedGoods 450,000