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When a job costing $5,000 is completed, the following journal entry is made:Cost of Goods Sold5,000 Finished Goods5,000 b.Cost of Goods Sold5,000…
When a job costing $5,000 is completed, the following journal entry is made:
a.Cost of Goods Sold5,000
Finished Goods5,000
b.Cost of Goods Sold5,000
Sales5,000
c.Work-in-Process5,000
Finished Goods5,000
d.Finished Goods5,000
Cost of Goods Sold5,000
e.Finished Goods5,000
Work-in-Process5,000
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