During March, Zea Inc. transferred $51,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $57,000.
The journal entries to record these transactions would include a:

A) credit to Work in Process of $51,000.
B) debit to Finished Goods of $57,000.
C) credit to Finished Goods of $51,000.
D) credit to Cost of Goods Sold of $57,000.

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

Wallace company provides the following data for next year: month budgeted sales january $120,000 february 108,000 march 140,000 april 147,000 the gross profit rate is 35% of sales. inventory at the end of december is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. what is the amount of purchases budgeted for january?