Which of the following decreases the work in process account?
A) Transferring raw materials to work in process account.
B) Transferring cost of goods manufactured from work in process account.
C) Transferring cost of goods sold from work in process account.
D) Transferring raw materials from work in process account.

Question

Quizplus · Accepted Answer

Transferring cost of goods manufactured from work in process account decreases the work in process account as the production process is completed and the cost of goods manufactured is transferred to finished goods account. A) Transferring raw materials to work in process account increases the work in process account. C) Transferring cost of goods sold from work in process account is not possible as cost of goods sold is transferred from finished goods account. D) Transferring raw materials from work in process account is not a logical transaction as raw materials are initially transferred to work in process account.

Which of the Following Decreases the Work in Process Account