Tomlison Corporation is a manufacturer that uses joborder co

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 Cost of goods sold (unadjusted) $1,589,00e $1,517,000 The journal entry to record the unadjusted Cost of Goods Sold is

Solution

Debit Credit Cost of goods sold 1517000         Finished goods inventory 1517000