Tomlison 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$1,589,000Cost of goods sold (unadjusted)$1,517,000 The journal entry to record the unadjusted Cost of Goods Sold is:
A.
| Finished Goods | 1,589,000 | ? | ? | |
| Cost of Goods Sold | 1,589,000 | |||
B.
| Cost of Goods Sold | 1,589,000 | ? | ? | |
| Finished Goods | 1,589,000 | |||
C.
| Finished Goods | 1,517,000 | ? | ? | |
| Cost of Goods Sold | 1,517,000 | |||
D.
| Cost of Goods Sold | 1,517,000 | ? | ? | |
| Finished Goods | 1,517,000 | |||
Answer: D
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