Question: During March, Zea Incorporated transferred $62,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $68,000. The journal entries

During March, Zea Incorporated transferred $62,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $68,000. The journal entries to record these transactions would include a:

Multiple Choice

debit to Finished Goods of $68,000.
credit to Finished Goods of $62,000.
credit to Work in Process of $62,000.
credit to Cost of Goods Sold of $68,000.

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