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Job no. C12 was completed in November at a cost of $32,350, subdivided as follows:...

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Accounting

Job no. C12 was completed in November at a cost of $32,350, subdivided as follows: direct material, $17,600; direct labor, $5,900; and manufacturing overhead, $8,850. The journal entry to record the completion of the job is:

Multiple Choice

  • Finished-Goods Inventory 32,350
    Work-in-Process Inventory 32,350
  • Work-in-Process Inventory 32,350
    Finished-Goods Inventory 32,350
  • Work-in-Process Inventory 32,350
    Wages Payable 5,900
    Raw-Material Inventory 17,600
    Manufacturing Overhead 8,850
  • Cost of Goods Sold 32,350
    Finished-Goods Inventory 32,350
  • Finished-Goods Inventory 32,350
    Cost of Goods Sold 32,350

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