Here is selected data for Betty Boo Corporation: The journal entry to transfer completed goods to the finished goods inventory account would include a

Question

Here is selected data for Betty Boo Corporation:  The journal entry to transfer completed goods to the finished goods inventory account would include a

Quizplus · Accepted Answer

The question is asking for the journal entry to transfer completed goods to the finished goods inventory account. The amount given in the selected data, which is $233,900, is the cost of completed goods transferred from work-in-process inventory to finished goods inventory. Therefore, the correct journal entry would be a debit to Finished Goods Inventory account for $233,900. Option D is the correct choice.

Here Is Selected Data for Betty Boo Corporation: the Journal