A company transfers 1,600 units of a part with a value of $2.50 each to work in process. What would the journal entry be to record this transaction? o Work in Process 4,000 Factory Overhead 4,000 o Work in Process 4,000 Cash 4,000 o Materials 4,000 Work in Process 4,000 o Work in Process 4,000 Materials 4,000 Based on the following data, what is the accounts receivable turnover? Sales on account during year $700,000 Cost of goods sold during year 270,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000 O 2.6 O 15.5 0 20.0 O 17.5