Multiple Choice Raw Materials Finished Goods-Formulating Debit Credit 7,000 7,000 Finished Goods-Formulating Raw Materials Raw Materials Work in Process-Formulating Debit Credit 7,000 7,000 Debit Credit 7,000 7,000 Work in Process-Formulating Debit 7,000 Credit Raw Materials 7,000 Which of the following journal entries properly records the transfer of $7,000 of manufacturing costs from the Formulating Department to the Botting Department? Multiple Choice Mork in Process-Formulating work In Process-Bottling Debit Credit 7,000 7,000 Dobit Credit Mork in Process-Bottling 7,000 Work in Process-Formulating 7,000 Debit Credit Work in Process-Formulating Finished Goods 7,000 7,000 Dobit Credit Finished Goods 7,000 Work in Process-Formulating 7,000