The journal entry to record the completion and transfer of the cost of goods manufactured includes a:
A)debit to Cost of Goods Sold
B)debit to Manufacturing Overhead
C)credit to Finished Goods Inventory
D)credit to Work-in-Process Inventory

Question

Quizplus · Accepted Answer

The correct journal entry to record the completion and transfer of the cost of goods manufactured involves debiting Finished Goods Inventory and crediting Work-in-Process Inventory, reflecting the movement of costs from work-in-process to finished goods.

The Journal Entry to Record the Completion and Transfer of the Cost