Under process costing when the product is through the last production process,the journal entry for total manufacturing cost includes a debit to Work in Process Inventory and a credit to Finished Goods Inventory.Under process costing when the product is through the last production process,the journal entry for total manufacturing cost includes a debit to Finished Goods Inventory and a credit to Work in Process Inventory.

Question

Quizplus · Accepted Answer

The correct journal entry when the product is through the last production process is a debit to Finished Goods Inventory and a credit to Work in Process Inventory, not the other way around.

Under Process Costing When the Product Is Through the Last