Question: Entry ( 1 6 ) in the below T - account represents the cost of goods manufactured transferred to Finished Goods from Work in Process.

Entry (16) in the below T-account represents the cost of goods manufactured transferred to Finished Goods from Work in Process.
Finished GoodsDebitCreditBalance40,000(16)520,000(15)540,000Balance60,000
Group startsTrue or False

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