Use the Information Below to Answer the Following Question(s)

question 262

Multiple Choice

Use the information below to answer the following question(s) .
Here is some basic data for Callor Corporation:

-The entry at Callor Corporation to record the cost of goods completed would include a

• A) debit to Finished Goods Inventory for $295,000.
• B) credit to Work in Process Inventory for $260,000.
• C) debit to Work in Process Inventory for $260,000.
• D) credit to Finished Goods Inventory for $295,000.

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Definitions:

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