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A Considerable Portion of the Text's Process-Costing Presentation Illustrated the Proper

Question 63

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A considerable portion of the text's process-costing presentation illustrated the proper way to allocate manufacturing costs to the units completed during the period and the ending work-in-process inventory. For companies that have a single manufacturing department, the journal entry to recognize completed production involves a debit to Finished-Goods Inventory and a credit to Work-in-Process Inventory.
Required:
What journal entry, if any, is needed for these same companies to properly account for ending work in process?

Correct Answer:

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No journal entry is needed. The cost of ...

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