Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

تمرين 13

Transferring Costs in a Job Order System
Curtis Corporation finished job no. 314 on June 1. On June 10, the company sold job no. 314 for $12,000, cash. Total manufacturing costs allocated to this job at the time of the sale amounted to $8,000.
a. Record the transfer of job no. 314 from Work in Process to Finished Goods on June 1.
b. Record the sale of job no. 314, and the transfer of its costs from Finished Goods, on June 10.