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28 November, 17:36

Company C, an automobile manufacturer, sold 2 trucks to a customer for $60,000 on January 5, 2014. Each of the trucks has a manufacturing cost of $20,000. What would be the entry to record the transfer of inventory to the customer?

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  1. 28 November, 21:03
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    General Journal Debit Credit

    Cost of Goods Sold $40,000

    Finished Goods $40,000
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