Nicholes Corporation finished job no. 600 on June 1. On June 10, the company sold job no. 600 for $25,000 on account to a credit customer. Total manufacturing costs allocated to this job at the time of the sale amounted to $16,000. a. Record the transfer of job no. 600 from Work in Process to Finished Goods on June 1. p. Record the sale of job no. 600, and the transfer of its costs from Finished Goods, on June 10. Complete this question by entering your answers in the tabs below. Required A Required B Record the transfer of job no. 600 from Work in Process to Finished Goods on June 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the entry to transfer job no. 600 to finished goods. Note: Enter debits before credits. Date General Journal Debit Credit Jun 01

Nicholes Corporation finished job no. 600 on June 1. On June 10, the company sold job no. 600 for $25,000 on account to a credit customer. Total manufacturing costs allocated to this job at the time of the sale amounted to $16,000. a. Record the transfer of job no. 600 from Work in Process to Finished Goods on June 1. p. Record the sale of job no. 600, and the transfer of its costs from Finished Goods, on June 10. Complete this question by entering your answers in the tabs below. Required A Required B Record the transfer of job no. 600 from Work in Process to Finished Goods on June 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the entry to transfer job no. 600 to finished goods. Note: Enter debits before credits. Date General Journal Debit Credit Jun 01

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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