Mayfield Corporation finished job no. 314 on June I. On June 10. the company sold job no. 314 for S 10.000. cash. Total manufacturing costs allocated to this job at the time of the sale amounted to $6,500.
a. Record the transfer of job no. 314 from Work in Process to Finished Goods on June 1
b. Record the sale of job no. 314. and the transfer of its costs from Finished Goods, on June 10.
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