Embark produces mulch for landscaping use.The following information summarizes production operations for June.The journal entry to record June production activities for goods transfer from production to finished goods is:
A) Debit Finished Goods Inventory $432,000; credit Goods in Process Inventory $432,000.
B) Debit Goods in Process Inventory $444,000; credit Finished Goods Inventory $444,000.
C) Debit Goods in Process Inventory $432,000; credit Finished Goods Inventory $432,000.
D) Debit Finished Goods Inventory $444,000; credit Goods in Process Inventory $444,000.
E) Debit Goods in Process Inventory $432,000; credit Cash $432,000.
Correct Answer:
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