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During March Zea Inc. transferred $61000 from Work in Process to Finished Goods and recorded a cost of Goods Sold of $67,000. The Journal entries
During March Zea Inc. transferred $61000 from Work in Process to Finished Goods and recorded a cost of Goods Sold of $67,000. The Journal entries to record these transactions would include a Multiple Choice credit to cost of Goods Sold of $67000 debit to finished Goods of 567.000 Oo oo credit to Work in Process of 361000 O credit to Finished Goods of $61.000 Compute the amount of raw materials used during November if $34,000 of raw materials were purchased during the month and if the inventories were as follows Inventories Raw materials Work in process Pinished goods Balance November 1 $ 8,600 $ 6,800 $10,800 Balance November 30 $ 4,800 $ 8,300 $12,800 1 Multiple Choice O $35,500 O $34,300 O $31,800 $37,800 O
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