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Recording jobs shipped and customers billed would include a debit to Oa. Accounts Payable Ob. Finished Goods Oc. Cost of Good
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Recording jobs shipped and customers billed would include a debit to: c. Cost of Goods Sold

  • When a job is completed, the following entry is made:
    • Debit Credit Account titles Finished Goods Work in process $ $
  • When jobs shipped and customers billed:
    • Debit Credit Account titles Cost of Goods Sold Finished Goods $ $ $
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