Answer:
Credit to Work in process of $67,000
Explanation:
Preparation of the ournal entries to record the transactions
Since we were told Zea Inc. transferred the amount of $67,000 from Work in Process to Finished Goods this means the transaction will be recorded as:
Dr Finished Goods 67,000
Cr Work in Process 67,000
Since we were told that Zea Inc. transferred recorded a Cost of Goods Sold for the amount of $73,000 this means that the transaction will be recorded as:
Dr Cost of Goods Sold 73,000
Cr Finished Goods 73,000
