Business, 16.06.2020 22:57 aksatx4035

On June 30, Coral, Inc. finished Job 750 with total job costs of $ 4 comma 400, and transferred the costs to Finished Goods Inventory. On July 6, Coral sold goods to a customer for $ 5,800 cash. Which of the following is the correct journal entry to record the cost of goods sold? Assume the perpetual inventory system is used. a. debit Finished Goods Inventory $4,100 and credit Cost of Goods Sold $4,100
b. debit Cost of Goods Sold $4,100 and credit Work-in-Process Inventory $4,100
c. debit Work-in-Process Inventory $4,100 and credit Cost of Goods $4,100
d. debit Cost of Goods Sold $4,100 and credit Finished Goods Inventory $4,100

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On June 30, Coral, Inc. finished Job 750 with total job costs of $ 4 comma 400, and transferred the...

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