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$1,486,000Cost 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:
A.
| Work in Process | 1,337,000 | ? | ? | |
| Finished Goods | 1,337,000 | |||
B.
| Finished Goods | 1,486,000 | ? | ? | |
| Work in Process | 1,486,000 | |||
C.
| Work in Process | 1,486,000 | ? | ? | |
| Finished Goods | 1,486,000 | |||
D.
| Finished Goods | 1,337,000 | ? | ? | |
| Work in Process | 1,337,000 | |||
Answer: B
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