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Ellis Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year:

Raw materials purchased on account $475,000

Raw materials (all direct) requisitioned for use in production $476,000

Direct labor cost $640,000

Manufacturing overhead:

Indirect labor cost $174,000

Other manufacturing overhead costs incurred $498,000

Cost of goods manufactured $1,469,000

Cost of goods sold (unadjusted) $1,430,000

6.

1. The journal entry to record the transfer of completed goods from Work in Process to Finished Goods is:

	A.	Dr Work in Process................................ 1,469,000 Cr Finished Goods................................. (1,469,000)
	B.	Dr Work in Process................................ 1,672,500 Cr Finished Goods................................. (1,672,500)
	C.	Dr Finished Goods.................................. 1,469,000 Cr Work in Process................................ (1,469,000)
	D.	Dr Finished Goods.................................. 1,672,500 Cr Work in Process............................... (1,672,500)

PLEASE SPECIFY THE CORRECT ANSWER

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