During February, Degan Inc. transferred $60,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $65,000. The journal entries to record these transactions would include a:

Answer

		debit to Finished Goods of $65,000
		credit to Cost of Goods Sold of $65,000
		credit to Work in Process of $60,000
		credit to Finished Goods of $60,000