As units are completed, their costs are transferred from the Work in Process Inventory account to the Finished Goods Inventory account.

Name: As units are completed, their costs are transferred from the Work in Process Inventory account to the Finished Goods Inventory account.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. When a unit is completed, its cost is transferred from the Work in Process Inventory account to the Finished Goods Inventory account.

As Units Are Completed, Their Costs Are Transferred from the Work