A manufacturer completed the production of goods costing $370,000 and transferred them to finished goods. The journal entry to record the transfer of units from the Shaping department to Finished Goods Inventory includes a:

Multiple Choice

• Debit to Work in Process InventoryShaping for $370,000.

• Credit to Work in Process InventoryShaping for $370,000.

• Credit to Finished Goods Inventory for $370,000.

• Debit to Raw Materials Inventory for $370,000.

• Credit to Raw Materials Inventory for $370,000.