Sandy Jensen Company uses a job-order costing system and has the following data available: The journal entry to record the cost of goods sold would include a ________.
A)debit to Finished Goods Inventory for $292,000
B)credit to Finished Goods Inventory for $260,000
C)credit to Work-in-process Inventory for $260,000
D)credit to Cost of Goods Sold for $292,000

Question

Sandy Jensen Company uses a job-order costing system and has the following data available:  The journal entry to record the cost of goods sold would include a ________.
A)debit to Finished Goods Inventory for $292,000 
B)credit to Finished Goods Inventory for $260,000 
C)credit to Work-in-process Inventory for $260,000 
D)credit to Cost of Goods Sold for $292,000

Quizplus · Accepted Answer

The Answer of Sandy Jensen Company uses a job-order costing system and has the following data available:  The journal entry to record the cost of goods sold would include a ________.
A)debit to Finished Goods Inventory for $292,000 
B)credit to Finished Goods Inventory for $260,000 
C)credit to Work-in-process Inventory for $260,000 
D)credit to Cost of Goods Sold for $292,000

Sandy Jensen Company Uses a Job-Order Costing System and Has