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Ruddick Corporation is a manufacturer that uses job-order costing. The company has supplied the following...

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Accounting

Ruddick Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Cost of goods manufactured $ 1,486,000 Cost of goods sold (unadjusted) $ 1,337,000 The journal entry to record the transfer of completed goods from Work in Process to Finished Goods is: Multiple Choice Debit Credit Finished Goods 1,337,000 Work in Process 1,337,000 Debit Credit Finished Goods 1,486,000 Work in Process 1,486,000 Debit Credit Work in Process 1,337,000 Finished Goods 1,337,000 Debit Credit Work in Process 1,486,000 Finished Goods 1,486,000

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