During March, Zea Inc transferred 50,000 from work in process to finished goods and recorded...
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Accounting
During March, Zea 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:
-credit to cost of goods sold of 56,000
-debit to finished goods of 56,000
-credit to work in process of 50,000
-credit to finished goods of 50,000
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