Using a Job Order Costing System,Jabari Company Sold Jobs on Account

question 62

Multiple Choice

Using a job order costing system,Jabari Company sold jobs on account with a selling price of $985,000 and a cost of $410,000.Assume the company uses the perpetual inventory system.The journal entries required to record this transaction are:

• A) \[\begin{array} { | c | r | r | }
• \hline \text { Accounts Payable } & 985,000 & \\
• \hline \text { Finished Goods Inventory } & & 985,000 \\
• \hline & & \\
• \hline \text { Finished Goods Inventory } & 410,000 & \\
• \hline \text { Cost of Goods Sold } & & 410,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Cost of Goods Sold } & 985,000 & \\
• \hline \text { Finished Goods Inventory } & & 985,000 \\
• \hline & & \\
• \hline \text { Finished Goods Inventory } & 410,000 & \\
• \hline \text { Accounts Payable } & & 410,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | r | r | }
• \hline \text { Accounts Receivable } & 985,000 & \\
• \hline \text { Sales Revenue } & & 985,000 \\
• \hline & & \\
• \hline \text { Cost of Goods Sold } & 410,000 & \\
• \hline \text { Finished Goods Inventory } & & 410,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Sales Revenue } & 985,000 & \\
• \hline \text { Accounts Receivable } & & 985,000 \\
• \hline & & \\
• \hline \text { Finished Goods Inventory } & 410,000 & \\
• \hline \text { Cost of Goods Sold } & & 410,000 \\
• \hline
• \end{array}\]

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Definitions:

Postoperative Patient

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Vital Signs

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Preventing Infection

Measures and practices designed to prevent the spread of infectious diseases and protect against infection.

Patient Identification

The process of accurately identifying a patient using assigned identifiers to ensure they receive the intended medical treatment.