During March,Zea Inc

question 168

Multiple Choice

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:

• A) credit to Cost of Goods Sold of $56,000
• B) debit to Finished Goods of $56,000
• C) credit to Work in Process of $50,000
• D) credit to Finished Goods of $50,000

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Definitions:

Buying Process

A series of steps consumers go through, from recognizing a need or desire to the final purchase and post-purchase evaluation.

Follow-up

A process of making additional contact after an initial meeting or communication to ensure ongoing engagement or to further a goal.

Presentation

A visual or verbal project designed to communicate information, ideas, or data effectively to an audience.

Order Getter

A salesperson whose primary responsibilities are identifying potential customers and engaging those customers in discussions to attempt to make a sale.