Que Corporation Uses a Process Cost Accounting System B) C) $\begin{array}{llr} \text {Cost of Goods Sold } &1,075\\ \text { Sales } &&1,075\\\end{array}$

Multiple Choice

Que Corporation uses a process cost accounting system.The company manufactured certain goods at a cost of $800 and sold them on credit to Are Corporation for $1,075.The complete journal entry to be made by Que at the time of this sale is:

A)
$\begin{array}{llr} \text {Accounts Receivable - Are Corporation } &1,075\\ \text { Cost of Goods Sold } &800\\ \text { Sales } &&1,075\\ \text {Finished Gords Inventory } &&800\\\end{array}$

B)
$\begin{array}{llr} \text { Accounts Receivable - Are Corporation } &1,075\\ \text {Finished Goods Inventory } &&800\\ \text { Sales } &&275\end{array}$

C)
$\begin{array}{llr} \text {Cost of Goods Sold } &1,075\\ \text { Sales } &&1,075\\\end{array}$

D)
$\begin{array}{lr}\text { Finished Goods Inventory } & 800 \\\text { Sales } & 1,075 \\\text { Accounts Receivable—Are Corporation } &&1,075 \\\text { Cost of Goods Sold }&&800\end{array}$
E)
$\begin{array}{lr}\text { Accounts Receivable—Are Corporation } & 1,075 \\\text { Selling expense } & 800 \\\text { Sales } &&1,075\\\text { Cost of Goods Sold}&&800\end{array}$