The journal entry to record the completion of Job No.120 at a cost of $50,000 would include:
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The journal entry to record the completion of Job No.120 at a cost of $50,000 would include: *
A debit to Work in Process Inventory $50,000 and a credit to Finished Goods Inventory $50,000
A credit to Work in Process Inventory $50,000 and a debit to Finished Goods Inventory $50,000
A debit to Cost of Goods Sold $50,000 and a credit to Finished Goods Inventory $50,000
None of the above
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