Ruddick Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Cost of goods manufactured $1,486,000 $1,337,000 Cost of goods sold (unadjusted) The journal entry to record the transfer of completed goods from Work in Process to Finished Goods is: Multiple Choice Finished Goods 1,337,000 Work in Process 1,337,000 Finished Goods 1,486,000 Work in Process 1,486,000 Work in Process 1,337,000

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.