Wyman Corporation uses a process costing system. The company manufactured certain goods at a cost of...

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Wyman Corporation uses a process costing system. The company manufactured certain goods at a cost of $800 and sold them on cr

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Answer 1

Answer #1

Journal entry

Date	account and explanation	Debit	Credit
	Account receivable	1075
	Sales revenue		1075

	Cost of goods sold	800
	Inventory		800

So answer is a)

2) For calculate equivalent unit we must know percent of completion

So answer is a) percent of completion

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Answer 2

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