On June 30,Cleopatra,Inc.finished Job 70 with total job costs of $40,000 and transferred the costs to Finished Goods Inventory.On July 6,Cleopatra completed the sale of the goods to a customer for $55,000 on account.Provide the journal entry to record the sales revenue.Omit explanation.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q117: The predetermined overhead rate is calculated _.
A)
Q118: Forsyth,Inc.uses estimated direct labor hours of
Q119: When goods are transferred from the Work-in-Process
Q120: At the beginning of the year,Judge
Q121: Leonard Manufacturing Systems uses job order costing
Q123: During the year,a company incurred $520,000 of
Q124: On June 30,Coral,Inc.finished Job 750 with total
Q125: Jupiter Manufacturing began business on January
Q126: Manufacturing overhead costs allocated to a job
Q127: Patrick Manufacturing Systems uses job order costing
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents