Ragged Edge Arts uses a just-in-time (JIT) manufacturing environment. For the month of October, Ragged Edge Arts has completed $2,400 of quilts and paintings. The journal entry required to record the transfer to finished goods is ________
a. Raw and In Process Inventory 2,400
Accounts Payable 2,400
b. Finished Goods Inventory 2,400
Cost of Goods Sold 2,400
c. Finished Goods Inventory 2,400
Raw Materials Inventory 2,400
d. Finished Goods Inventory 2,400
Raw and In Process Inventory 2,400
d
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Use this information pertaining to Tucson Company to answer the following question. 1. The corporation's Supplies account showed a beginning debit balance of $400 and supplies purchased of $1,600. There were $600 of supplies on hand at year end. 2.Depreciation on a building is estimated to be $10,000. 3.A one-year insurance policy was purchased for $4,800. Five months have passed since the
purchase. 4.Accrued interest on a note receivable amounted to $200. 5.The company received a $3,600 advance payment during the year on services to be performed. By the end of the year, one-third of the services had been performed. The adjusting entry to record the accrued interest on the note is A) Interest Expense 200Interest Receivable 200 B) Interest Payable 200Interest Expense 200 C) Interest Receivable 200Interest Income 200 D) Interest Income 200Interest Receivable 200
In the Du Pont model, profit margin is a ratio of
a. income to sales. b. income to assets. c. sales to income. d. sales to assets.
Which of the following is NOT typically a duty of a human resource staff member?
A) process applications B) verify prior employment C) conduct interviews D) train new hires
Which of the following activities would be a part of the leading function of management?
A. Recruiting qualified workers to join the organization and assigning them to their proper position B. Training and coaching workers to help them understand their job and perform it effectively C. Devising a new strategic plan to enter a new foreign market currently dominated by a competing firm D. Examining a financial report to see whether the firm's profits are improving and taking corrective action if they are not