Here Is Selected Data for Lori Corporation

Multiple Choice

Here is selected data for Lori Corporation:

The journal entry to transfer completed goods to the finished goods inventory account would include a

A) debit to Work-in-Process Inventory account for $233,500.
B) debit to Finished Goods Inventory account for $237,500.
C) credit to Work-in-Process Inventory account for $237,500.
D) debit to Finished Goods account for $233,500.