Gerald Eiche Company uses a job-order costing system and has the following data available:
The journal entry to record the cost of goods sold would include a ________.
A) Debit to Finished Goods Inventory for $292,000
B) Credit to Finished Goods Inventory for $260,000
C) Credit to Work-In-Process Inventory for $260,000
D) Credit to Cost of Goods Sold for $292,000
Correct Answer:
Verified
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