In Process Costing, the journal entry to record the cost of goods transferred out from the WIP shaping department to the WIP pac
kaging department would be a debit to WIP - shaping department and a credit to WIP - packaging department. True False
1 answer:
Answer:
Journal entry :
Date Account and explanation Debit credit
WIP-Packing department XXX
WIP-Shaping department XXX
(To record cost of goods transferred out from the WIP shaping department to the WIP packaging department )
So above statement is False
Explanation:
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μ = 0.136
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