During October, Beidleman Inc. transferred $52,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $55,000. The journal entries to record these transactions would include a:
A)credit to Cost of Goods Sold of $55,000
B)credit to Work in Process of $52,000
C)debit to Finished Goods of $55,000
D)credit to Finished Goods of $52,000

Question

Quizplus · Accepted Answer

The Answer of During October, Beidleman Inc. transferred $52,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $55,000. The journal entries to record these transactions would include a:
A)credit to Cost of Goods Sold of $55,000
B)credit to Work in Process of $52,000
C)debit to Finished Goods of $55,000
D)credit to Finished Goods of $52,000