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Use the Information Below to Answer the Following Question(s)

Question 319

Multiple Choice

Use the information below to answer the following question(s) .
Here is some basic data for Callor Corporation:
Use the information below to answer the following question(s) . Here is some basic data for Callor Corporation:    -The entry at Callor Corporation to record the cost of goods completed would include a A)  debit to Finished Goods Inventory for $295,000. B)  credit to Work in Process Inventory for $260,000. C)  debit to Work in Process Inventory for $260,000. D)  credit to Finished Goods Inventory for $295,000.
-The entry at Callor Corporation to record the cost of goods completed would include a


A) debit to Finished Goods Inventory for $295,000.
B) credit to Work in Process Inventory for $260,000.
C) debit to Work in Process Inventory for $260,000.
D) credit to Finished Goods Inventory for $295,000.

Correct Answer:

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