The journal entry to record the completion of Job No.114 at a cost of $174,000 would include: * A debit to Work in Process Inventory $174,000 and a credit to Cost of Goods Manufactured $174,000 A debit to Work in Process Inventory $174,000 and a credit to Finished Goods Inventory $174,000 A credit to Work in Process Inventory $174,000 and a debit to Finished Goods Inventory $174,000 None of the above

The journal entry to record the completion of Job No.114 at a cost of $174,000 would include: * A debit to Work in Process Inventory $174,000 and a credit to Cost of Goods Manufactured $174,000 A debit to Work in Process Inventory $174,000 and a credit to Finished Goods Inventory $174,000 A credit to Work in Process Inventory $174,000 and a debit to Finished Goods Inventory $174,000 None of the above

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Description: The journal entry to record the completion of Job No.114 at a cost of $174,000 would include: *A debit to Work in Process Inventory $174,000 and a credit to Cost of Goods Manufactured $174,000A debit to Work in Process Inventory $174,000 and a credit

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 9EB: A new company started production. Job 1 was completed, and Job 2 remains in production. Here is the...

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