Question: Additional information: Work in Process beginning balance - $10,500 Finished Goods beginning balance - $5,600 Prepare the following journal entries (round to the nearest whole

Additional information: Work in Process beginning balance - $10,500

Finished Goods beginning balance - $5,600

Prepare the following journal entries (round to the nearest whole dollar):

70% of Finished Goods is transferred to Cost of Goods Sold.

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