On June 30,Greenville Manufacturing finished Job 70 with total job costs of $40,000 and transferred the costs to Finished Goods Inventory.On July 6,Greenville completed the sale of the goods to a customer for $55,000 on account.Provide the entry to record the cost of goods sold.Omit explanation.Assume the perpetual inventory system is used.

Question

Quizplus · Accepted Answer

The Answer of On June 30,Greenville Manufacturing finished Job 70 with total job costs of $40,000 and transferred the costs to Finished Goods Inventory.On July 6,Greenville completed the sale of the goods to a customer for $55,000 on account.Provide the entry to record the cost of goods sold.Omit explanation.Assume the perpetual inventory system is used.

On June 30,Greenville Manufacturing Finished Job 70 with Total Job