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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 65
Prepare journal entries to record the following production activities.
1. Transferred completed goods from the Assembly department to finished goods inventory. The goods cost $135,600.
2. Sold $315,000 of goods on credit. Their cost is $175,000.
1. Transferred completed goods from the Assembly department to finished goods inventory. The goods cost $135,600.
2. Sold $315,000 of goods on credit. Their cost is $175,000.
Explanation
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Verified
1.
Work in progress inventory refers to ...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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