Question: I will rate please help with this question! I will rate! Many thanks and God bless!!! Altima, Inc. finished Job A40 on the last working
I will rate please help with this question!
I will rate!
Many thanks and God bless!!!
Altima, Inc. finished Job A40 on the last working day of the year. It utilized $390 of direct materials and $2,720 of direct labor. Altima uses a predetermined overhead allocation rate based on direct labor costs, which has been fixed at 40%. The entry to record the completion of the job should involve a O A. debit to Work-in - Process Inventory $4,198 and a credit to Finished Goods Inventory $4,198 O B. debit to Finished Goods Inventory $4,198 and a credit to Materials Inventory $4,198 O C. debit to Cost of Goods Sold $4,198 and a credit to Finished Goods Inventory $4,198 OD. debit to Finished Goods Inventory $4,198 and a credit to Work in - Process Inventory $4,198
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