Question

The journal entry to record the transfer of completed units to finished goods would be to__(debit/credit) finished goods and__(debit/credit) work in process

Answer 1

Answer:

Debit ; credit

Explanation:

In order to record the journal entry for the transfer of completed units to finished goods is shown below:

Finished goods Dr XXXXX

      To Work in process XXXXX

(Being the transfer of completed units is recorded)

Since the transfer of units completed is go to finished goods so this account is debited and the work in process account is credited