A _____ would be part of the entry to record the cost of goods completed.
A)debit to Cost of Goods Sold
B)credit to Finished-Goods Inventory
C)debit to Factory Department Overhead Control
D)credit to WIP Inventory

Question

Quizplus · Accepted Answer

The correct entry to record the cost of goods completed involves a credit to Work in Process (WIP) Inventory, as this decreases the balance in the WIP account, reflecting the movement of goods from being in process to being finished.

A _____ Would Be Part of the Entry to Record