Job no. C12 was completed in November at a cost of $28,500, subdivided as follows: direct material, $13,500; direct labor, $6,000; and manufacturing overhead, $9,000. The journal entry to record the completion of the job is:
A.
| Cost of Goods Sold | 28,500 | |
| Finished-Goods Inventory | 28,500 |
B.
| Finished-Goods Inventory | 28,500 | |
| Work-in-Process Inventory | 28,500 |
C.
| Work-in-Process Inventory | 28,500 | |
| Finished-Goods Inventory | 28,500 |
D.
| Work-in-Process Inventory | 28,500 | |
| Wages Payable | 6,000 | |
| Raw-Material Inventory | 13,500 | |
| Manufacturing Overhead | 9,000 |
E.
| Finished-Goods Inventory | 28,500 | |
| Cost of Goods Sold | 28,500 |
Answer: B
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