During October, Beidleman Inc

question 36

Multiple Choice

During October, Beidleman Inc. transferred $52,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $55,000. The journal entries to record these transactions would include a:

• A)credit to Cost of Goods Sold of $55,000
• B)credit to Work in Process of $52,000
• C)debit to Finished Goods of $55,000
• D)credit to Finished Goods of $52,000

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Definitions:

Prejudice

A preconceived opinion or judgement made without adequate knowledge or examination of the facts.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Attitude

A psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor, which influences individuals' behavior and perceptions.

Cognition

The mental processes that are involved in acquiring, storing, retrieving, and using information and that include sensation, perception, imagery, concept formation, reasoning, decision making, problem solving, and language.