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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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akindeleot

Answer:

General Journal           Debit      Credit

Cost of Goods Sold $40,000  

Finished Goods                      $40,000

Explanation:

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