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

Question 124

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Use the information below to answer the following question(s) .
Here is selected data for Lorelei Corporation:
Use the information below to answer the following question(s) . Here is selected data for Lorelei Corporation:    -At Lorelei Corporation the journal entry to transfer completed goods to the finished goods inventory account would include a A)  debit to Work in Process Inventory for $226,750. B)  debit to Finished Goods Inventory for $227,875. C)  credit to Work in Process Inventory for $227,875. D)  debit to Finished Goods Inventory for $226,750.
-At Lorelei Corporation the journal entry to transfer completed goods to the finished goods inventory account would include a


A) debit to Work in Process Inventory for $226,750.
B) debit to Finished Goods Inventory for $227,875.
C) credit to Work in Process Inventory for $227,875.
D) debit to Finished Goods Inventory for $226,750.

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