Multiple Choice
During February,Degan Inc.transferred $60,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $65,000.The journal entries to record these transactions would include a:
A) debit to Finished Goods of $65,000
B) credit to Cost of Goods Sold of $65,000
C) credit to Work in Process of $60,000
D) credit to Finished Goods of $60,000
Correct Answer:
Verified
Correct Answer:
Verified
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