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Record the sale of goods on credit

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Question - Prepare journal entries to record the following production activities.

1. Transferred completed goods from the Assembly department to finished goods inventory. The goods cost $141,000.

2. Sold $449,000 of goods on credit. Their cost is $152,000.

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

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

Record the sale of goods on credit.

Record the cost of goods sold.

Reference no: EM132048531

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