Completion and Sale of Jobs

Completion and Sale of Jobs - Solution Finished Goods...

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COMPLETION AND SALE OF JOBS During the current month, Onyx Corporation completes Job 109 and Job 112. Job 109 cost $19,000 and Job 112 costs $27,000. Job 112 was sold on account for $42,000. Journalize the entries for the completion of the two jobs and the sale of Job 112.
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Unformatted text preview: Solution Finished Goods Inventory Work in Process Inventory (To record completion of Job 109, and Job 112, costing $27,000) Accounts Receivable (To record sale of Job 112) Cost of Goods Sold Finished Goods Inventory (To record cost of goods sold for J...
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Completion and Sale of Jobs - Solution Finished Goods...

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