What journal entry is made to record the transfer of goods from the final producing department to the finished goods inventory? Debit Raw Materials; Credit Finished Goods Inventory Debit Work in Process Inventory; Credit Raw Materials Inventory Debit Cost of Goods Sold; Credit Work in Process Inventory Debit Finished Good Inventory; Credit Work in Process Inventory

The journal entries are prepared to record the transactions on regular basis. The direct Costs are…

Answered: What journal entry is made to record…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter6: Process Costing

Section: Chapter Questions

Problem 4MCQ: To record the transfer of costs from a prior process to a subsequent process, the following entry...

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What journal entry is made to record the transfer of goods from the final producing department to the finished goods inventory?

	Debit Raw Materials; Credit Finished Goods Inventory
	Debit Work in Process Inventory; Credit Raw Materials Inventory
	Debit Cost of Goods Sold; Credit Work in Process Inventory
	Debit Finished Good Inventory; Credit Work in Process Inventory

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