Braxton Manufacturing completed 9,000 units with the following costs: Direct Material Costs $12,600 Direct Labor Costs $44,100 Allocated Manufacturing Overhead $6,300 If 8,500 of the units were sold, what is the journal entry for cost of the goods sold? - - O A. Cost of Goods Sold Finished Goods Inventory OB. Finished Goods Inventory Cost of Goods Sold OC. Cost of Goods Sold - Finished Goods Inventory OD. Finished Goods Inventory Cost of Goods Sold 63,000 59,500 59,500 63,000 63,000 59,500 59,500 63,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Braxton Manufacturing completed 9,000 units with the following costs:
Direct Material Costs
$12,600
Direct Labor Costs $44,100
Allocated Manufacturing Overhead - $6,300
If 8,500 of the units were sold, what is the journal entry for cost of the goods sold?
-
OA. Cost of Goods Sold
Finished Goods Inventory
OB. Finished Goods Inventory
Cost of Goods Sold
OC. Cost of Goods Sold
Finished Goods Inventory
OD. Finished Goods Inventory
Cost of Goods Sold
63,000
59,500
59,500
63,000
63,000
59,500
59,500
63,000
Transcribed Image Text:Braxton Manufacturing completed 9,000 units with the following costs: Direct Material Costs $12,600 Direct Labor Costs $44,100 Allocated Manufacturing Overhead - $6,300 If 8,500 of the units were sold, what is the journal entry for cost of the goods sold? - OA. Cost of Goods Sold Finished Goods Inventory OB. Finished Goods Inventory Cost of Goods Sold OC. Cost of Goods Sold Finished Goods Inventory OD. Finished Goods Inventory Cost of Goods Sold 63,000 59,500 59,500 63,000 63,000 59,500 59,500 63,000
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