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dalvyx [7]
3 years ago
10

During March, XYZ Inc. transferred $50,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $56,000.

The journal entries to record these transactions would include a:
Business
1 answer:
DENIUS [597]3 years ago
8 0

Answer:

Date   Journal entries             Debit          Credit

          Finished Goods          $50,000

              Work in Process                          $50,000

          Cost of Goods Sold $56,000

               Finished Goods                          $56,000

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