The cost of production of completed and finished goods during the period amounted to $400,000, and the finished products shipped to customers had total production costs of $337,000. From the following, select the entry to record the transfer of costs from finished goods to cost of goods sold
A) Finished Goods 400,000Cost of Goods Sold 400,000
B) Finished Goods 337,000Cost of Goods Sold 337,000
C) Cost of Goods Sold 337,000Finished Goods 337,000
D) Cost of Goods Sold 400,000Finished Goods 400,000
C
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