labor costs. The journal entry to record the accrual of these wages would include a
Student Answer: $66,000.
debit to work in process of
credit to work in process of $66,000.
credit to work in process of $62,000.
debit to work in process of $62,000.
Question 6. Question : (TCO B) 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
Student Answer:
debit to finished goods of $65,000.