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gavmur [86]
3 years ago
13

When the production process is complete in process costing, the completed goods and the accumulated costs are transferred across

departments using a journal entry that includes the following: multiple choice A debit to the Finished Goods Inventory account and a credit to the Work in Process account for the first department in the series of processes. A debit to the Finished Goods Inventory account and a credit to the Work in Process account for the final department in the series of processes. A debit to the Work in Process Inventory account for the first department in the series of processes and a credit to the Finished Goods Inventory account. A debit to the Work in Process Inventory account for the final department in the series of processes and a credit to the Finished Goods Inventory account.
Business
1 answer:
alukav5142 [94]3 years ago
3 0

Answer:

A debit to the Finished Goods Inventory account and a credit to the Work in Process account for the final department in the series of process

Explanation:

In the case when the process related to the production is finished so the completed goods and accumulated profits could be transferred

So, the following should be the journal entry

Finished goods inventory XXXXX

          To Work in Process Inventory - Final dept XXXXX

(Being the production process is completed recorded)

Here the finished goods is debited as it increased the assets and credited the work in process as it decreased the assets

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3 years ago
Why do people donate to charitable organizations? Choose three answers.
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4 0
2 years ago
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A firm has market power if it can a. maximize profits. b. minimize costs. c. influence the market price of the good it sells. d.
VikaD [51]

Answer:

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