The following journal entry would be made in a process costing system when units that have been completed with respect to the work done in the final processing department are transferred to the finished goods warehouse:

Question

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In a process costing system, when units are completed with respect to the work done in the final processing department, they are transferred to the finished goods warehouse. This transfer is recorded by making a journal entry debiting Finished Goods Inventory account and crediting Work in Process Inventory account with the cost of the completed units.

The Following Journal Entry Would Be Made in a Process