Haupt IncManufacturers Water Pumps

Multiple Choice

Haupt Inc.manufacturers water pumps.Each pump requires $155 of raw materials and $315 of conversion costs.Each pump is sold for $725.Last month Haupt produced and sold 69 pumps.The journal entry to record cost of goods sold would include:

A) Debit to accounts receivable of $32,430.
B) Credit to sales of $32,430.
C) Debit to cost of goods sold of $32,430.
D) Credit to cost of goods sold of $50,025.
E) Debit to sales of $50,025.