During March, Zea Inc. transferred $63,000 from Work in Process to Finished Goods and recorded a Cost
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Question:
During March, Zea Inc. transferred $63,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $69,000. The journal entries to record these transactions would include
Multiple Choice
credit to Work in Process of $67,000.
debit to Finished Goods of $73,000
credit to Finished Goods of $67,000
credit to Cost of Goods Sold of $73,000
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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