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Prepare journal entries to record the production activities

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Reference no: EM132838234

Problem - 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.

Record the transfer of goods from the assembly department to finished goods.

Reference no: EM132838234

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