The entry to record a $24,000 transfer from the assembly department to the finishing department would include which of the following?
A) Credit to work in process inventory-assembly
B) Debit to finished goods inventory
C) Debit to cost of goods manufactured
D) Debit to cost of goods sold

Question

Quizplus · Accepted Answer

When transferring goods from the assembly department to the finishing department, the entry would include a credit to Work in Process Inventory-Assembly to reflect the movement of goods out of the assembly department. This entry reduces the balance in the assembly department's work in process inventory, indicating that these goods are no longer in the assembly stage.

The Entry to Record a $24,000 Transfer from the Assembly