The journal entries to record these transactions

Assignment Help Financial Accounting

Reference no: EM13789283

During October, Beidleman Inc. transferred $60,600 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $66,520. The journal entries to record these transactions would include a:

debit to Finished Goods of $66,520

credit to Finished Goods of $60,600

credit to Cost of Goods Sold of $66,520

credit to Work in Process of $60,600

Reference no: EM13789283

Questions Cloud

Make by processing the intermediate product beet : Coakley Beet Processors, Inc., processes sugar beets in batches. A batch of sugar beets costs $43 to buy from farmers and $17 to crush in the company's plant. Two intermediate products, beet fiber and beet juice, emerge from the crushing process.

Role of the counselor in the community : Role of the Counselor in the Community

What are some ways to mitigate the dangers of police chases : What are some ways to mitigate the dangers of police chases? Compare and contrast deviance control and civil order control

What is the residual income : If operating income is $75,000, average operating assets are $375,000, and the minimum required rate of return is 11%, what is the residual income?

The journal entries to record these transactions : During October, Beidleman Inc. transferred $60,600 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $66,520. The journal entries to record these transactions would include a:

Announcement of the seo and the new shares : If the stock price dropped 3% on announcement of the SEO and the new shares were sold at that price, how much money would Metropolitan receive?

Calculate the predetermined overhead rate : Ben Whitney manufactures holiday decorations. Overhead is applied to products on the basis of direct labor hours. Last year, total overhead costs were expected to be $85,000. Actual overhead costs totaled $88,750 for 8,400 actual hours. At the end of..

What is their taxable gain on a joint tax return : Jerry bought his home 15 years ago for $60,000. Three years ago Jerry married Debbie and she moved into the same house and has lived there since. If they sell Jerry’s house in December, 2011 for $340,000, what is their taxable gain on a joint tax ret..

Critical analysis of a qualitative study : Did the author cite quantitative and qualitative studies relevant to the focus of the study? What other types of literature did the author include?

User Account

All Pages