Question
During March, Z Corp, transferred $58,000 from Work in Process to Finished Goods and sold manufactured goods with a cost of $64,000. Which of
During March, Z Corp, transferred $58,000 from Work in Process to Finished Goods and sold manufactured goods with a cost of $64,000. Which of the following journal entries would be correct?" Multiple Choice debit to Finished Goods of $64,000 and a credit to Sales of $64,000. debit to Finished Goods of $64,000 and a credit to Cost of Goods Sold of $64,000. debit to Work in Process of $58,000 and a credit to Finished Goods of $58,000. debit to Finished Goods of $58,000 and a credit to Work in Process of $58,000.
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