Suppose that finished units are now in the last (final)department.To which account will the cost of the finished units flow from the work-in-process account?
A)sales
B)finished goods
C)inventory
D)cost of goods sold

Question

Quizplus · Accepted Answer

The cost of the finished units will flow from the work-in-process account to the finished goods account, as they are now completed and ready for sale but have not yet been sold. Once they are sold, the cost of goods sold account will be debited and the finished goods account will be credited.

Suppose That Finished Units Are Now in the Last (Final)department