Multiple Choice
During March, Zea Incorporated transferred $55,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $61,000. The journal entries to record these transactions would include a:
A) credit to Cost of Goods Sold of $61,000.
B) debit to Finished Goods of $61,000.
C) credit to Work in Process of $55,000.
D) credit to Finished Goods of $55,000.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: Blasi Corporation is a manufacturer that uses
Q10: Baka Corporation applies manufacturing overhead on the
Q11: If the actual manufacturing overhead cost for
Q12: Tevebaugh Corporation is a manufacturer that uses
Q13: Matthias Corporation has provided data concerning the
Q15: The following partially completed T-accounts are for
Q16: During December, Moulding Corporation incurred $87,000 of
Q17: The accounting records of Omar Corporation contained
Q18: Reith Incorporated has provided the following data
Q19: Caple Corporation applies manufacturing overhead on the