Multiple Choice
Which of the following journal entries is correct to account for the cost of goods completed at the end of a period?
A) Debit Work-in-Process Inventory and credit Finished Goods Inventory
B) Debit Cost of Goods Sold and credit Finished Goods Inventory
C) Debit Finished Goods Inventory and credit Work-in-Process Inventory
D) Debit Finished Goods Inventory and credit Sales
Correct Answer:
Verified
Correct Answer:
Verified
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