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During March, Zea Incorporated transferred $50,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $56,000. The journal entries

During March, Zea Incorporated transferred $50,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $56,000. The journal entries to record these transactions would include a:

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credit to Cost of Goods Sold of $56,000.

debit to Finished Goods of $56,000.

credit to Work in Process of $50,000.

credit to Finished Goods of $50,000.

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