Question: During October, Beidleman Inc. transferred $64,800 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $70,260. The journal entries

During October, Beidleman Inc. transferred $64,800 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $70,260. The journal entries to record these transactions would include a:

credit to Cost of Goods Sold of $70,260

debit to Finished Goods of $70,260

credit to Finished Goods of $64,800

credit to Work in Process of $64,800

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