Here is selected data for Lori Corporation:

The journal entry to transfer completed goods to the finished goods inventory account would include a

Question

Here is selected data for Lori Corporation:

The journal entry to transfer completed goods to the finished goods inventory account would include a

Quizplus · Accepted Answer

The question is asking about the journal entry to transfer completed goods to the finished goods inventory account. This means that the cost of the completed goods is being transferred from the Work-in-Process Inventory account to the Finished Goods Inventory account.

Based on the information provided, there is no indication that the cost of the completed goods is $237,500, as suggested in choice B and C. Instead, we know that the selected data for Lori Corporation is "11ea7fd5_66a7_8f0b_99dd_5b99a3f46e1e_TB1766_00."

Therefore, the best choice would be D, which is a debit to the Finished Goods account for $233,500. This entry would also require a corresponding credit to the Work-in-Process Inventory account for the same amount.

Here Is Selected Data for Lori Corporation