During october beidleman inc transferred 69200 from work in, Ask an Expert

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During October, Beidleman Inc. transferred $69,200 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $74,550. The journal entries to record these transactions would include a:

debit to Finished Goods of $74,550
credit to Cost of Goods Sold of $74,550
credit to Work in Process of $69,200
credit to Finished Goods of $69,200

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92641147

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